Tuesday, January 17, 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
15,112 Blog Posts

Trumpflation on Pause Following Trump’s Remarks Complaining Over the Strong Dollar

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Well, well, well. What do we have here?

Didn’t I say a strong dollar was fucking retarded and that rising bond yields would serve as a roadblock for his fiscal stimulus plans?

Good thing Trump has surrounded himself with business savvy Wall Streeters and not a bunch of no nothing rednecks from Alaska.

In a WSJ interview published last night, Trump complained over the strong dollar and then his advisor, Anthony Scaramucci, said we needed an independent Fed — firing warning salvos across our outrageously stupid hawkish Fed.

“Our companies can’t compete with them now because our currency is too strong. And it’s killing us,” Trump told The Journal, referring to competition from China.

His comments have put an end to this stupid Trumpflation trade, at least for today.
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Dollar Plunges, Commodities Soar, Greatness Awaits

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The mood in the peanut gallery of iBankcoin, aka the comments section, has taken on a forlorn quality. I suppose the heightened political commentary, coupled with the frantic nature of those who oppose Trump, has led them to this Morton’s Fork.

I give you fuckers a lot of acrimonious banter and certainly know how to trigger you to the point of cracking. But just know, you’re going to be okay.

If the conservatards survived 8 years with a community organizering, pot smoking, non birth certificate having, person of questionable origins in the White House, you libtards will live through, and flourish, the organge pussy grabbing SNL hating wall builder.

Steaks will be cooked to perfection. Large vats of wine will be consumed. Grandiose market schemes will be plotted at Fly’s blog and we’ll all live happily ever after.

Regarding markets.

I realize Britain just signaled they’d opt out of the single market, but the FX markets are calling bullshit on May’s speech. I viewed it as too conciliatory and pragmatic. Then again, I’m probably too fire and brimstone. Nevertheless, the pound is soaring by 2.7%, leading the way in a dollar rout.

This is having a ripple effect across commodity markets, sans copper. Gold, silver and oil are sharply higher, creating a safe haven for an otherwise weak tape.

I do not expect this weakness to continue, especially with crude up by so much.

Most of my stocks are lower, helped by the fact that I’ve dedicated myself to buying huge pieces of shit gambles. I do, however, like the constructive nature of the $UEC decline, following their share offering.   My latest buy, $DRYS, has gone afoot this morning. No idea what’s going on there.

And lastly, the Charles Manson of biotech, directly responsible for the deaths of 18 people, $ALNY, is bleeding out.

All of this is to be expected, as I’m now playing a game of high stakes Russian roulette.

Pun intended.

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Putin: A ‘Maidan’ Being Organized Against Trump; Creators of Fake Dossier ‘Worse Than Prostitutes’

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The term ‘Maidan’ was used to describe the events that took place in the Ukraine in 2014, where mass demonstrations took place that were of the anti Russian varietal, which led to the fall of the Ukraine government and eventual war with Russia. The term is synonymous with a coup, which is an interesting choice of words when describing the actions of the wild eyed, anti Trump, left here in America — seemingly hell bent to oppose Trump’s rise to power.

In his first remarks to the press since the MI6 dossier on Trump was released, describing Trump as a man who rather enjoys being urinated on by hookers, Putin laid into those who faked the report, calling them worse than prostitutes.

Moreover, he mocked the idea that people think he ordered Russian intelligence to track and monitor Trump, saying they’re not in the business of monitoring every American billionaire.

Lastly, he dropped a mic on Obama, comparing him to the type of person who says goodbye often, but never actually leaves.

Source: Sputnik

“In my opinion, there are several goals, some are obvious. The first is to undermine the legitimacy of the elected president of the United States. Incidentally, in this connection I would like to note that — whether people who do it want it or don’t want — they greatly damage US interests.”

“It seems that they trained this in Kiev and now are ready to organize a ‘Maidan’ in Washington not to let Trump assume office,” Putin said.

“The second goal is to tie the hands of legs of the newly-elect president related to the implementation of his pre-election campaign’s promises to the American people and the international community,” he added.

He also said that reports of alleged Russian dossier on Trump are fake as “our security services do not chase every US billionaire.” “These claims are an obvious fake. Trump, when he came to Moscow a few years ago was not a politician. We did not even know about his political ambitions, he was just a businessman, one of the richest men in America. Is someone really thinking that our intelligence agencies are chasing every American billionaire, or what? Of course not! It’s just a complete nonsense.”

Those who ordered the dossier on the US president-elect are “worse than prostitutes,” Putin said. “Prostitution is an ugly social phenomenon… But people who order such fakes which are now used against the elected president of the United States, fabricate information and use it in the political struggle, they are worse than prostitutes, they have no moral limits,” Putin said.

Putin said that such a situation shows a “significant degradation of political elites in the West, including in the US.”

He said that he didn’t meet Trump and he has no reasons to “attack or defend him.” “I don’t know Mr. Trump, I have never met him, I don’t know what he will do in the international arena, so I have no reason either to attack him, criticize him or defend him.”

Putin noted that there is a category of people who leave without saying goodbye, “out of respect for the present situation,” while others say goodbye all the time, but do not go away. “The outgoing administration, in my opinion, belongs to the second category,” he said.

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Russia Invites Trump to Syrian Peace Talks, Suggests Obama Sat By Watching Terrorists Try to Turn Syria into an Islamist State

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In a departing slap to both John Kerry and President Obama, Russia’s Foreign Minister Lavrov graciously invited the Trump administration to peace talks to be held on 1/23/17.

Moreover, he defended Russia’s actions in Syria, strongly stating that without Russian help Syria would have fell into terrorist hands.

He also said that others sat idle for over a year and a half, as ISIS and other terror groups attempted to overthrow the Assad regime, suggesting they in fact might’ve committed a crime, according to the UN resolution.

Source: RT

“We’re now preparing the Astana meeting. We think it would be the right thing to invite the representatives of the UN and the new US administration to the meeting, taking into account that the meeting will take place on January 23, as planned,” Lavrov said at a press conference summing the results of the Russian diplomacy in 2016.

Russia hopes the incoming Trump administration will accept the invitation.

“We’re counting on the new [US] administration accepting this invitation and being represented by experts on any level they consider possible. It will be the first official contact during which we could begin discussing stepping up the efficiency of fighting terrorism in Syria,” Lavrov added.

“We’re convinced that we did what was right, when we said yes to the lawful request of the government of Syria – a UN member country whose capital was in two to three weeks from falling into the hands of terrorists. And the fact that we managed to throw the terrorists back from Damascus and help the Syrian army liberate Aleppo, I think it’s very important,” Lavrov said.

He noted that Russia’s help was essential “to keep Syria a multinational, multi-confessional, secular state, as the UN Security Council states.”

“All those who spent a year and a half silently watching IS and other militants surround Aleppo maybe committed a crime, as they breached the UN resolution, which stated that Syria should be prevented from turning into an Islamist state,” he concluded.

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No Hard BREXIT: Pound Rallies Most Since 2008 on Pragmatic May Speech on Leaving the EU

File photo dated 30/06/16 of Theresa May who is racing towards victory with six in 10 Conservatives backing her to replace David Cameron, polling has revealed.

It appears all of the stupid rumors of a ‘hard BREXIT’ were in fact wrong. Let me disabuse you of the notion that Theresa May is even remotely interested in a hard BREXIT. For is she was, the Pound wouldn’t be up more than 2.3% today would it?
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Most interesting amongst her much awaited for speech on the matter is that fact that she’s going to have parliament vote on the final deal that will determine their departure. Moreover, she offered nothing but well wishes to the EU, hoping it would thrive alongside Britain, blah, blah, blah.

See for yourself.

Parliament to vote.

Soft BREXIT.

Perhaps I’m misreading this a little. I’m reacting more to the move in the Pound than her words itself. Nigel Farage appears to be somewhat pleased by her speech and only has trepidation over the timeline to get deals done.
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Jeremy Corbyn responds, saying May wants to have her cake and eat it too.

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Tucker Carlson Takes on DNC Chair Candidate Jehmu Greene and Humilitates Her

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Tucker Carlson delved into a discussion with Jehmu Greene, frontrunner to become the next shill to head up the DNC, and got very specific when it came to the issue of drug prices and Trump’s proposal to import American made drugs from Canada, because our country is partly run by the big pharma industrial complex. The results were telling. Notice every time Jehmu blinks she is, in fact, telling a bald faced lie.

Partisan politics rules the day. What’s good for the American people, naturally, are secondary concerns to these retrograde water carriers.

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Head of Russia’s Sovereign Wealth Fund Appreciates the ‘Professionalism’ of Incoming Trump Administration

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Kirill Dmitriev, CEO of the RDIF, very much appreciates the ‘professionalism’ of the incoming Trump administration — much to the chagrin of the two little snowflakes interviewing him in Davos today.

Kirill had been ranting on about the virtues of Moscow, in spite of sanctions. He then suggested those bedeviled sanctions would be removed under Trump, thanks to his professionalism and God Emperor ways — helping U.S. companies realize $100b in lost Russian opportunities.

Don’t worry, Kirill is former Goldman Sachs alumni. He’s a ‘good guy.’

The Russian-American detent and renaissance will soon begin.

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Noble Energy Acquires Clayton Williams for Huge Premium at All Time Highs

Oil man and former Texas gubernatorial candidate, Clayton Williams embraces his wife, Modesta, in the offices of Clayton Williams Energy Wednesday, June 1, 2011, in Midland. Williams, 79, continues to oversee Clayton Williams Energy, an independent oil and gas company. ( Brett Coomer / Houston Chronicle )

After $CWEI ran higher by 530% over the past years, the idiots from $NBL decided to take the company over in a massive cash/stock offer — valuing the shares at all time record highs.

With oil in the $50s and natty in the dumps, nothing can justify this idiocy.

Noble Energy ($NBL) said on Monday it would buy Clayton Williams Energy ($CWEI) for about $2.7 billion in a cash-and-stock deal.

Under the deal’s terms, Clayton Williams shareholders would receive 2.7874 shares of Noble Energy common stock and $34.75 in cash for each share of common stock held.

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Nevertheless, this should provide a bounce in the oil sector, considering the takeout price and the fervor by which Noble conducted themselves. Many people will be led to believe Noble knows something we don’t, when in fact, they’re just a company stocked with abject fools.

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John Lewis Lied: History Reveals He Did Not Attend George Bush’s 2000 Inauguration

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Once a civil rights icon, now a democratic shill working energetically towards dividing America, Congressman John Lewis lied during a ‘groundbreaking’ Meet the Press interview on Sunday. He announced to a ‘shocked’ and dramatic Chuck Todd that he could not, in good conscience, attend the Trump inauguration because he felt MUH RUSSIANS did it and the election results were illegitimate. Moreover, John Lewis announced that this would be the first time ever, in his congressional career, that he’d miss a Presidential inauguration.

Earth shattering.

The only problem with this forlorn tale of protest patriotism is that it’s all fake — just like the newspapers delivered to his house every morning. He didn’t attend Bush’s inauguration either…because MUH ILLEGITIMATE.

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MLK didn’t represent the sordid brand of partisan politics that is practiced by John Lewis. By pulling this stunt, Lewis is encouraging millions to follow in his stead. Shameful.

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Effeminate Shills Plot to Disrupt Trump Inauguration with Stink Bombs at Comet Pizza

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I know this is making the rounds today — as people are so frantic over the Trump ascendancy. But look at these homo shills. They’re mentally ill losers from a group called ‘the anti fascist group’ — scheming to disrupt the inauguration by deploying juvenile stink bombs.

These aren’t serious people. And look where they decided to have their meeting — at the Comet Ping Pong Pizza parlor — home of the pizzagate.

Fucking please.

“Yeah, if you had…a pint of butyric acid, I don’t care how big the building is, it’s closing…And this stuff is very efficient, it’s very very smelly, lasts a long time a little of it goes a long way.”

“If you get it into the HVAC system it will get into the whole building.”

Meanwhile, “Plan B” entailed an effort to simultaneously set off the sprinkler systems throughout the building which had the “added benefit” of sending party goers “outside in the freezing cold.”

“I’m trying to think through how to get all the sprinklers to go off at once. There’s usually a piece of like fusible metal or a piece of glass with liquid in it that will blow”

“And the added benefit, everybody is going to walk outside in the freezing cold.”

Literally nothing.

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