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.
Thus far, this is easily the most bullish poll for Trump — coming in at 80%. Typically, my finance heavy following has favored Trump from 65% to 72% — with the low end coming in after the Trump pussy grabbing fiasco.
This is the first poll I’ve done since the FBI revelations and the swath of information released by Wikileaks — which has gotten progressively worse over the past two weeks.
There’s no way to spin these numbers, other than conceding to the uncomfortable truth that the global economy is in serious trouble of heading into a very serious recession. In spite of China manipulating its currency lower by 9% over the past year, exports are still plunging — down by a staggering 7.3% for October alone.
The yuan has been on a non-stop run lower, hitting 6 year lows v the dollar.
Analysts now believe China is permitting its currency to accelerate to the downside, in order to stave off a quickening in the reduction of currency reserves. The fact that onerous restrictions are applied to the citizens of China, with regards to the amount of money permitted to leave the country, coupled with the fact that the pressures in the yuan and SHIBOR still persist, one has to surmise that something is dreadfully wrong with the current state of the Chinese economy.
Looking at the numbers, one can easily see that China’s 6.5% GDP goals are only being met by reckless lending and government financed infrastructure projects. Both pressures on wages and a weak N. American and European marketplace have left the great dog eating nation of China with nowhere to send their wares. In spite of all that, they still clock in a $49b trade surplus, indicative of a country taking advantage of consumer based economies — the equivalent of transferring wealth from the indebted west to the newly rich east.
Overseas shipments dropped 7.3 percent from a year earlier in October in dollar terms
Imports slipped 1.4 percent Trade surplus widened to $49.1 billion
A depreciation of about 9 percent in the yuan since August 2015 has cushioned the blow from tepid global demand, but failed to give shipments a sustained boost. Rising input costs and surging wages have flattened exporter profit margins to the point where many can no longer discount and may raise prices, according to interviews at the Canton Fair last month. With global demand tepid, policy makers are relying on infrastructure investment and a property led pick up in local demand to reach their expansion goal of at least 6.5 percent this year.
“External demand remains sluggish across the board,” said Julia Wang, an economist at HSBC Holdings Plc in Hong Kong. “On the import side, commodities demand is still holding up well, suggesting that domestic infrastructure investment likely remains strong.” “Trade’s contribution to China’s economy is now diminishing as the economy increasingly depends on domestic demand,” said Zhu Qibing, chief macro economy analyst at BOCI International (China) Ltd. in Beijing.
“External demand hasn’t rebounded, so trade figures are weak,” said Iris Pang, senior economist for Greater China at Natixis SA in Hong Kong. “The upcoming U.S. election is also posing uncertainty to China. If Trump wins, trade will be severely affected, not only for China, but also globally.”
The Details Exports to U.S. slipped 5.6 percent in October and fell 8.7 percent to EU. Imports from U.S. fell 6.9 percent
Exports slipped less when measured in yuan as depreciation cushioned impact of tepid global demand
Crude imports fell from a record
Coal imports fell for a second month
What this means for stocks is the DEATH OF THE MALL trade is alive and well, ahead of the holiday shopping season. China will continue to rig their GDP through debt fueled projects, which is entirely unsustainable. And, the U.S. will be pressured to provide succor for an otherwise rich Chinese nation — dealing with a very poor and ill treated slave factory system, utilized by a globalist cabal of blood sucking devils.
Eventually, their currency reserves collapse and the yuan with it. That will be the next panic.
Both Smith and Wesson and Netflix are up more than 800% over the past 5 years — making them the two biggest equity winners during the Obama regime. No man has sold more guns than Obama.
Back in the 3rd quarter of 2011, Smith and Wesson did $92m in sales. Now they’re doing more than $200m, enjoying 40% year over year revenue growth. When Americans aren’t planning for armed revolt against their government, they’re learning about them by watching House of Cards on Netflix.
In the 3rd quarter of 2011, Netflix did $821 in sales. Now they’re doing upwards of $2.2b per quarter — growing at a 30% clip.
What can we deduce from all of this bullshit?
People thought Obama was the Manchurian candidate. They fashioned him to be a communist agitator and then an Islamic soldier, whose main goal was to raid the homes of Americans and seize their weapons. Because of this fear, people went out in droves and bought guns. The counter conspiracy theory here is Obama clandestinely wanted to arm Americans to the fucking teeth, in order to fend off a future threat. Or, he wasn’t all that conniving and simply spewed out leftist rhetoric, which resulted in a reflexive republic buying more guns to protect against a shadow enemy.
The Netflix explanation is more direct. We’ve been saddled with a millennial generation who have scrambled eggs for brains. Instead of sitting by the fireside to read the classics, learning about human history, they drone on all day and night watching youtube videos and Netflix programming.
There’s a divergence of ideals taking place across America — where urbanites sashay in and out of upscale eateries and then sloth and rot away in front of their televisions for nightcaps. And then you have a more rural America who believes the government is literally run by a satanic cult, arming themselves for a biblical showdown of good versus evil.
As you know by now, this dissonance has manifested itself, writ large, during the Presidential elections. Last election was a fight between an aspiring black American leader, who wanted to bring forth change, versus a checkered pants republican who represented old money and big money interests. This election is, plainly, a fight of good versus evil.
America, land of the dramatic — created by Hollywood.
Hitherto, markets have languished in an apathetic stalemate — constantly ebbing and flowing — betwixt in an uncertain amber of FBI investigations, wrought with the pangs of anti-globalist fervor. The curious candidacy of D. Trump has brought with it the darkest fears of Bohemian Grove — a supple and angry majority overthrowing and supplanting an otherwise entrenched elite class of multi-national interests. Thanks to the recent developments out of the FBI, all but vindicating our anointed leader, an agenda of war can flourish once again — staining and polluting vast swaths of fertile land with death and depleted uranium.
Markets responded in kind, doubling its year to date gains to more than 4% today.
The eventuality of a Clinton ascension to power equates to foreign policies of an identical nature to that of G. Bush and B. Obama. There will be mass graves to be dug and wells of oil to be exploited. Prices will be affordable at your local Walmart and jobs plentiful at Mcdonald’s. Education for all, as long as you attach yourselves to debt balloons — which will detonate in precisely 15 years hence. Life as we know it will continue, unaltered, deepening the regulatory and tax moats that protect and shield big business from start up competition.
A once liberal society will now pervert its own ideals to bend to the caprices of sinister, unyielding, tyranny.
This election was unforgettable. America will get the President it deserves.
Do any of you have the slightest clue of what would happen if the 10yr were to jump to 5%, as Greenspan is predicting? He’s calling for the entire global QE structure to be unwound, to be replaced by exactly what? A global renaissance in manufacturing?
This is sheer fucking lunacy of a very old and delusional man.
“If the early stages of inflation, which are now developing, would take hold, you could get — fairly soon — a fairly major shift away from these extraordinarily low yields on 10-year notes, for example,” Greenspan said in an interview on Bloomberg Television on Monday. “I think up in the area of 3 to 4, or 5 percent, eventually. That’s what it’s been historically.”
“We’re moving into the very early stages of inflation acceleration,” Greenspan said. “That could be the trigger.”
“It’s a problem, as in going from where we are now to 4 or 5 percent,” he said. “There’s a whole structure of adjustments which have taken place, basically since 2008, which have to be unwound, and that’s not going to be done without a problem.”
Imagine trying to balance a Federal budget with the borrowing costs double what they are now. Forget about that, municipal rates would jump in lockstep, as well as corporates. It would equate to the fucking end of western finance as we know it. The titanic debt bubble, which has been building since 2008, would burst on Wall Street like a fucking hydrogen bomb inside a factory of nuclear bombs.
On Friday, it was being widely rumored across the internets that the NYPD was going to hold a press conference to reveal that Anthony Weiner was in fact a pedophile — which would blow open the oddities of Podesta’s proclivities for code talk, especially when it came to the word ‘pizza.’
They were all pedophiles on Friday, prancing around the globe — kidnapping kids in Haiti — and partaking in wanton and depraved acts of cannibalism and satanic rituals.
Today, the market doesn’t give a shit. Markets are back to Comey letter levels, and people are generally complacent ahead of tomorrow’s monumental elections.
By all measures, Clinton is expected to win the election — thanks to the electoral college. Once elected, all of the dissidents, those fucking alt-right nazi racist misogynist homophobes, will be corrected in due course. America cannot tolerate an intolerant populace. Moreover, those of you who’ve been investigating the ruling class, hitherto, will be both investigated and also arraigned in the not too distant future.
It truly is a broad-based rally, with gold being the only loser. On the surface, this all seems logical — since Hillary is Wall Street’s bitch (no sexism inferred). However, if she’s to expand Obamacare, then drug pricing will come under pressure. Hence, big pharma will have to make concessions. Moreover, Fed policy will remain dovish, which is dollar bearish and gold bullish. In other words, you fuckers have no idea what you’re doing today. You’re just trading a bunch of shit, thinking you’re painting a masterpiece. You’re not. You’re a stupid shit with hardly anything in between your two, big, dumb, ears.
JP Morgan is out with meaningless research today, justifying their otherwise pointless existence in the research field. America’s most successful bank with endless resources have concluded Trump is bad and Hillary is good, when it comes to stocks. They believe the SPY will rise to 2,150 on a Hillbot3000 win — about 1.5% from present levels.
Here’s their analysis by the sector.
If, per chance, Trump somehow weasels his way into the White House, a most heinous experience is to be expected for equity lovers.
“We believe that if Trump wins, markets are likely to fall further — one should not use the Brexit template where stocks bounced quickly …” the note said, referring to the rebound shares made shortly after the initial panic that ensued when the United Kingdom voted in June to divorce itself from the European Union.
Indeed. Should Trump win stocks may in fact drop — with the profit margins of the globalist scum, mercenary, crony capitalist system of satanic devil worshipping pizza lovers.
Hillary is bankrolled with the type of money that all but ensures she can do whatever the hell she wants to do, whenever she wants to do it. After elected, many people will be suicided, literally killed by self inflicted gun shots to the back of their brains — and they all had it coming.
As we speak, the Trump train is a disheveled mess — because Hillary isn’t going to get arrested before the elections. By my calculations, the only way Trump had a chance at winning was if the FBI intervened and arrested her before she had a chance at seizing power.
Early going, European markets are celebrating the reintroduction of globalist scum policies. Now that BREXIT has been canceled and Hillary is Scott free, the pernicious policies of the past 25 years, the transfer of wealth from west to east, are expected to continue with rapid development.
In a telling sidenote, the only foreign market not elated by the Hillary surge is Russian. Perhaps that’s because she intends to wipe both Putin and Moscow off the fucking map?
The former Director of the Defense Intelligence Agency, Commander of the Joint Functional Component Command for Intelligence, General Flynn, took to Twitter to question how the FBI could parse through 650k emails in 8 days. The common narrative amongst so many Hillbots is that computers can do shit quick.
This is a random tweet amongst a sea of shit that I plucked out from the universe.
Trump: "You can’t review 650,000 emails in eight days." Uh. Yeah you can. Computers. https://t.co/ZgPQSMuV4t
Nevermind the fact that the FBI took over a year to parse through 55k emails the first go around, before concluding that Clinton had literally done nothing wrong. I suppose, since then, we’ve developed new technologies to help us complete that work in a fraction of the previously performed time.
Flynn asks
It took 1 year to review 60K and 8 days to review 650K? Smart machines or not, something does not jive. Thoughts?
Wikileaks, being the preeminent publisher of documents in the world, offered their expert advice for those trying to credit fucking computers with this amazing achievement in forensic document analysis.
Last time I engaged Tapper, he was utterly beside himself with sorrow and self-righteous indignation when Donna Brazile was revealed to be nothing more than a water carrying shill for H. Clinton.
Well, well, well, what do we have here? We have Jason Sehr, writer and producer for Jake Tapper’s ridiculous clown party show, asking a DNC operative what Jake should be focused on when interviewing Clinton.
Before that splendid exchange, the DNC hack asked another DNC shill to hurry up with the questions they wanted good olde Jakey boy to ask her.
CNN is the politburo of the establishment elite of entrenched, blood-soaked, neocons, whose main focus is to commit atrocities both at home and abroad. Trust none of these devils.
