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
23,419 Blog Posts

US BARRELING TOWARDS RECESSION AS GDP SURPRISES WITH CONTRACTION FOR Q1

I was up 3% at 5am. I know this because I had to urinate. Now I’m barely up 60bps after BTU surprised to the downside due to retarded hedges against coal. They’re basically stupid people.

Q1 GDP steamed lower at -1.4%. Barely anyone was calling for this, but it’s happening. Over in Europe amidst war footing, inflation is soaring. Both Poland and Bulgaria refuse to pay in Rubles for Russian gas, so it seems we are fast approaching a total collapse of the EU’s economy, with intent.

Zelensky was invited to the G20 this year. As Europe’s poorest country, I’m sure he has much advice to offer.

Oh and Barclays just nukes all of its commodity ETFs. The only reason why they would do this, imo, is a government directive to reduce speculation in commodities.

I’ll likely be selling at the open.

If you enjoy the content at iBankCoin, please follow us on Twitter

3 comments

  1. metalleg

    I’ve been meaning to ask you…
    How’s that bladder of yours doing?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. bambam

    Why try and time this shitshow? Just let it run it’s course, short… buy Puts.. and I’ll see you in 2024

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. purdy

    Gold diggers halfway back from year’s high to low. Showing that they me done plunging. Long here. Crack addicts can use JNUG
    .

    • 0
    • 0
    • 0 Deem this to be "Fake News"