Friday, January 20, 2017
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
15,139 Blog Posts

Obama’s Legacy Will Be Forever Etched in Halls of the Federal Reserve

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He was the Fed’s best friend ever. Could they’ve had a better business partner than Obama, taking the Federal budget and clown raping it with ruinous levels of spending. The Fed’s mandate shifted from tinkering with rates during periods of need to blatantly controlling asset prices and the economy.

As of right now, during the final hours of Obama’s presidency, the Federal Reserve has never been more powerful. It is the central bank to the world — doling out liquidity to whoever needs it — regardless of national sovereignty.

Plainly, it has become a caricature of itself, a cabal weaponized to the point of lunacy — totally unchecked and operating in the shadows with impunity.

There are many things that will be forgotten, many mistake that will be corrected, after Obama has gone.

But this will last forever.

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Obama has accumulated more debt than all of America’s Presidents before him, combined.

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Nancy Sinatra Calls Out CNN for a Most Absurd Fake News Report

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Nancy Sinatra isn’t a Trump fan. She’s pretty active on Twitter opposing his view and that’s here perogrative.

I suppose one of the shills at CNN equated that to Nancy being opposed to Trump using her Father’s song during the inauguration.

Please.

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The article was written by a high level retard. It had zero citations or actual quotes. Quite literally, the writer just made the shit up and Nancy called bullshit on it.

The lie was then passed on by other apes, like The Hill, who enjoyed this article being shared over 11,000 times by avid purveyors of fake news.

Why in the world would CNN lie about something so meaningless as a song being played by Donald?

It’s very simple. They’re not honest brokers. The organization is hellbent on making Donald into a monster, by mocking, deriding, impugning him at every juncture.

Their press credentials should be revoked at the White House.

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The Fuckery is So Real With $DRYS, It’s Almost Unbelievable

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Full disclosure: I bought an 8% position in $DRYS about a week ago, and have rued it every since.

To me, investing has always been a creative outlet. I love the ebbs and flows of it and all of the nuances that often go unnoticed.

Let’s look at $DRYS, as an example.

After the election, this stock went on such a run, people thought they just invented a fucking time machine. The message boards were rampant with speculation, by ebullient traders basking in the warm glow of a stock on fire.

I did warn you.

The company did a financing. The stock got annihilated. It sold off a little more. And then got annihilated once more.

Yesterday is dropped an asinine 35% on news of a reverse split. Explain that logic to me.
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In short, the stock — quite literally — shot higher towards the sun, got burned, and came crashing down — wingless and depraved. After a 2,000% move higher, it’s now down 99% from its highs.

So after all of that drama, what does the company do to shore up investor confidence?

THEY BOUGHT ANOTHER VESSEL.

What in the actual fuck?

DryShips announces that it has acquired one Very Large Gas Carrier currently under construction at Hyundai Heavy Industries for a purchase price of $83.5 mln. The Company financed the closing price of $21.9 mln by using part its undrawn liquidity under the $200.0 mln New Sifnos Revolver, which now stands at $142.9 mln. The $61.6 mln balance of the purchase price for the VLGC will be payable in installments until the vessel’s delivery from HHI.

“We are very pleased to have acquired our first high specification VLGC newbuilding opening a new era of investments since the restructuring of our balance sheet. The closing of our first investment in the gas carrier segment, DryShips announces that it has acquired one Very Large Gas Carrier currently under construction at Hyundai Heavy Industries for a purchase price of $83.5 mln. The Company financed the closing price of $21.9 mln by using part its undrawn liquidity under the $200.0 mln New Sifnos Revolver, which now stands at $142.9 mln. The $61.6 mln balance of the purchase price for the VLGC will be payable in installments until the vessel’s delivery from HHI.

“We are very pleased to have acquired our first high specification VLGC newbuilding opening a new era of investments since the restructuring of our balance sheet. The closing of our first investment in the gas carrier segment, which we believe will be highly accretive to earnings and cash flow, was financed by our New Sifnos Revolver evidencing once more Mr. George Economou’ s commitment to DryShips.”

I guess we don’t have to sorry about the company dropping $83m into this black hole of a vessel, since it’s going to be ‘highly accretive to earnings.’

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Wading Through the Final Hours of Pre Greatness America

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Some people believe D.C. is going to be a plutonium wasteland by the end of the day, with 65 democrats opting out of the event, alongside the all of a sudden sick George Bush 1, signaling a red flag of chicanery to come. But I doubt anything will happen today, other than Donald Trump, officially and quite amazingly, becoming the 45th President of the United States.

If you’re on Twitter a lot, like I am, be sure to follow iBankCoin’s own Zeropointnow. He’ll be live tweeting the event.

For those of you who aredently oppose Trump, because of the MUH Russians or for some other high anxiety reason, chill the fuck out and have a drink. You’ll be fine at the end of his 8 years, just like some of us are fine after Obama’s. And please don’t get caught up in the ancient trick used by government to placate mobs, the elixir of false hope to distract them from their grief. Accept Trump and grieve your losses like men and move on.

He isn’t going to get impeached.

We’re going to have a shitload of fun under Trump, a wild cannon who says whatever the hell is on his mind. Personally, I loathe politicians, always talking from both sides of their ass. We’ll get straight talk from Trump. We’ll be treated like adults, and not transgender retards. Lastly, America is going to be great again and both Mexico and China will pay for their many transgressions.

Investment wise: expect change. I prefer nuclear stocks.

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Here Were the Biggest Winners and Losers During Obama’s Reign of Terror

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At the end of the Bush administration, I hated the republicans. George was such a fucking idiot, alongside the tea party retards. I viewed Obama as a welcomed respite. In hindsight, I probably voted for Obama to prove that I wasn’t some sort of redneck racist.

The Obama administration was very good for stocks — maybe the best ever. But at what cost?

The national debt has doubled, borrowing more than $9 trillion since 2008 and the Fed’s balance sheet has gone from $700 billion to $4.5 trillion. This whole economy is a fucking illusion, a sham. Try to unwind those positions and start paying down that debt and you’ll see the true nature of the economy and the markets.

Obama did nothing, other than kick the can down the road — passing on a nuclear time bomb for future generations. By that fact alone, I consider Obama a grandiose failure, of the community organizing varietal. I’m not even going to get into the wars and his social policies — which has laid waste to the social fabric of America.

So what stocks did the best over the past 8 years, an era defined by crony capitalism, massive advances in technology, and social networks?

BAD NEWS FOR TRADERFAGS. Most of the big winners were held captive by FRED ‘Fucking’ WILSON and his crony capitalist VC pigs. Those greedy fuckers presided over monumental gains in social networks. Here are a few.

Facebook: $4b valuation in 2008 to $363b today.
Twitter: $1.5m valuation in 2008 to $12.3b today.
Yelp: $200m valution in 2008 to $3.2b today.
Snapchat: $485k in 2012 to $25b today.
Airbnb: $20k valuation in 2009 to $30b today.
Uber: $200k valuation in 2009 to $70b today.

That’s where the real money was made. Let’s see what scraps were left over for us — the little rich people.

$TREE +5,130%
$NFLX +4,415%
$JAZZ +4,400%
$DPZ +3,517%
$MKTX +3,300%
$PCLN +3,100%
$ULTA +3,000%
$INCY +2,800%
$MGPI +2,800%
$PPC +2,200%
$PRSC +1,700% (literally a welfare play)

And here were the losers.

$BBRY -85%
$APOL -85%
$SPWR -79%
$SHLD -77%
$FSLR -76%
$RIG -75%
$AVP -73%
$FRO -73%
$CYH -66%
$JCP -66%
$CHK -65%
$BBG -64%

Notice any trends? Which will be the biggest winners and trends under Trump?

I saw a world in need of automation, superfluous comforts indicative of a nation with plenty of excess. It was an era of wanton hedonism for the elite, and a grueling struggle for everyone else. One cannot discuss Obama without thinking about healthcare — his cornerstone issue during his time in office. It failed and now we have to deal with the ramifications.

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The Net Result of Two Libtards Produced a Child Who Started Fire at Anti-Trump Protest and said ‘Screw Our President’ on National TV

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This is what happens when two libfags get together and breed. The child is innocent. This is a reflection upon them and their abhorrent parenting skills.

Those same people featured above have been camped outside of the DeploraBall Event, with the keynote speaker being Milo from Breitbart, claiming they were Nazis — because MUH alt-right.

Not before long, the savages could not contain themselves and ended up getting MACED in the face by police for attacking Deploraball attendees.

This, of course, is DEVELOPING…

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Senator Roberts Kindly Offers Senator Wyden a Chill Pill During Contentious Mnuchin Hearings

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I’m probably not gonna be a big fan of Mnuchin — should he become our next Treasury Secretary. I’m aware that we need someone with connections and know-how at the Treasury, but paint me skeptical about letting yet another Goldman Ballsachs alumni run our nation’s finances (as if we had a choice).

During today’s hearings, Senator Wyden ranted on and on about Mnuchin’s history as a successful businessman — describing capitalism, basically, in its rawest form — only to be upended by a very genteel and kind Senator Roberts, who offered him a valium to chill the fuck out.

Classic shilling by both parties today. Good show.

Here was Wyden grilling Mnuchin.

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Soros: Trump Will Fail; Markets Will Fall

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Governor Tarkin from the Deathstar wishes Trump well, ahead of the inauguration — by hoping that he fails and calling him a would be dictator that will be stopped.

Also, he thinks markets have gone higher because ‘all of their dreams have come true’, via both tax rates and regulations coming down under Trump. But since he believes Trump will fail, markets will, eventually, respond negatively to what he called ‘inherently contradictory’ policies which will become an anathema to investors.

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