iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,264 Blog Posts

INFLATION IS STILL TRANSITORY

I don’t give a fuck what the Fed is doing — as long as people are without stimulus checks — inflation is a phantom. We will and we shall REVERT back to deflationary times after supply chains normalize, most likely early 2022. Naturally this could be extended if we lockdown again and MOAR stimmy checks are mailed to the poorest dumb motherfuckers who’ve ever walked this earth.

I gained 2.13% today, thanks in part to a large mammoth styled run in Chinese stocks. I played them and I continue to be long into tomorrow’s blades. I do not give a shit about risk, since I am attempting to turn around my months from an otherwise moribund and disgusting showing, +3.5%. If I am to trade and trade well, I would kill myself before only booking 3.5% monthly returns. I do not do this everyday for a little bit of fucking money. I want a lot of bit of a fucking money and I will not apologize for my greed.

The NASDAQ was +100 and we all feeeeeel good again. I cannot commit to a feeling now, other than to suggest rather emphatically — keep buying Ethereum.

Ciao.

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4 comments

  1. indexjoe

    Eric Burnett

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  2. tha pirate

    Demoncrats are the ultimate cynics. They will flood the border with illegal aliens because they assume all votes are based strictly on race OR on giving away ‘free money’. Of course patriotic America loving Cubans have been warned in the last few weeks “to not even try” to seek refuge in the USA (because they won’t vote Demon-rat.
    Let me tell you, I WAS a Democrat and my family looks like a rainbow – but the radical leftist, Islamist, Socialist, anti-law insane Dem party of today is NOT the party it was decades ago.

    Stimmy checks under a leftist run government go for ONE reason, and one reason only; to cynically pander for votes, to teach people that ‘only the government’ can support you and that hard work, capitalism and entrepreneurship can never and must never succeeded. Our once great nation is slipping fast; led by the cheerleaders in the corporate-government-media complex. The Tee Vee liars on the “news” networks are reaching the mentally vulnerable and bring us all down with their exaggerations and lies.

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    • 'merica

      Haha, come on man. The “right” is just as big of a hypocrite. Most everyone is a hypocrite, self serving, some much more than others, because we are human. Don’t tread on me bullshit, yet offended when someone tells you that you can’t enter their store without a mask on. Don’t tread on me? Then gtfo of the store. It’s not yours. Same with a job. Is it your company? No? Then obey the rules, or mind your own damn business, hypocrite. Telling people how they should live their lives, but DoNt TrEad On ME!!!

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      • 'merica

        Don’t tread on me = don’t do anything I don’t agreeeee with. Clowns

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