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
22,158 Blog Posts

ATLANTA FED TALKING GREASY AGAIN — SAYS ECONOMY WILL SHRINK BY MORE THAN 2%

Let it be know, the Atlanta Fed is always talking extreme shit. They just revised their estimates for Q2 down from -1% to a little over -2%, which would FIRMLY place us into recession. When we get another 2 quarters DOWN, we will be in a Biden led depression.

 

On that news, I am directionally BULLISH on this tape, with a 15% TZA hedge.

Why?

Because fuck you.

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3 comments

  1. og

    So rate cuts start in 2023?

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  2. flea

    Look how the Fed, under corroding, unrelenting and subtle pressure from the financial elite, has absolutely corrupted the economic system in these United States. The Atlanta Fed brings crushing news of a rapidly deteriorating economic situation and the punters at the trough all unanimously read it as the all clear for a major rip.

    Why? Because they figure the Fed will now have to go back to historic, unprecedented and that never, ever should be repeated firehose liquidity-style monetary conditions.

    It’s got to be the end.

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  3. zusch

    ahhh I’m coooommenting ! HAGW

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