According to the Government, inflation rose by a tepid 0.2% in March, not even close to giving a fuck. God willing, oil will march its way up to $400 per barrel, effectively poleaxing all of those poor fuckers who clog up NYC city streets with their bullshit “shitmobiles.”
Think about it, dear Sirs.
When gasoline is “vasolined” up to $30 per gallon, it will cost like 600+ bucks to filler up. This, as you know, will eliminate traffic and leave only the rich in cars. There will be no more delays during the morning commute to work. Clear sailing.
Plus, think about this pal, our steel manufacturers will no longer have to waste their time sending product to the losers at [[GM]]. They can just put that stuff on a ship and deliver it to China. Without a doubt, [[DRYS]] will trade up on that news.
Looking at some of the news, I am pleased to see the dollar at a record low versus the euro, since most of my savings is in gold/euros. The sharp, precipitous “death fall” of the dollar is good for U.S. corporations, like [[KO]] and [[CL]]. Fuck all of those people who want to “see Paris for the first time.”
[[BLK]] missed earnings, but who cares?
[[JPM]] beat and warned of more credit problems. However, Mr. Dimon is just talking shit, so that he can buy [[MS]] or [[MER]] for 2 dollars per share.
[[WFC]] smashed estimates and have demonstrated to Wall Street that they are true pimps, despite the fact that their capital reserves stand at a paltry 7.3%.
[[INTC]] fucking ripped the head off of their guidance, which, inadvertently, was lowered a month ago. Well done Sirs at Intel. You’ve mastered the ol’ “fuck you analyst, you’re dead” routine.
It’s a fascinating thing with INTC. Lots of poor folk are without rice, due to high prices. Apparently, those same people are forgoing food, in order to stockpile INTC chips. That is very shrewd thinking on their behalf.
After all, the Chinese are known for thinking 100-1,000 years in advance, unlike us backward Americans—who only think about what’s for lunch.
See, the Chinese are thinking “hey, forget about buying rice and feeding the family. Let’s just buy these chips from INTC. After we die, these chips will continue to increase in value so that future generations may be able to afford $1,000 per bag of rice.”
Regular JP Morgans they are. Or may I say, “regular Jamie Dimons.”
Finally, I expect to see the market take the fuck off on the 11.9% decline in housing starts newz [sic]. This, as you well know, is good news for everyone, except the poor schmucks who build houses for a living. What’s wrong with those idiots? Hasn’t anyone else told Mr. Joey Bag-o-Hammers that all available steel, concrete and construction equipment needs to be preserved here, so that we may supply our friends in China and India?
Geez.
Long [[DGP]]
NOTE: China reported inflation rose by 8.3% in March, up from 6.6% in February. And, they announced they will raise the reserve requirements at their banks to 16%, from 15.5%—which is a far cry from WFC‘s 7.3%. All of this is phenomenal newz [sic].
What is this “good news Wednesday” or something?
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