Best case scenario, Europe gets out of their QE scheme without causing an event in markets that would make them rue the day they started it. Thanks to Draghi’s comments today, in regards to not extending the ECB market rigging programme, bonds are getting smashed across the globe.
Stocks aren’t getting hit too bad, so consider today a grande success.
Crude oil is through the roof, thanks to stupidity largess. Volatility is flat, indicative of a market sitting on its laurels, rich and fat and without a care in the world. Investors aren’t really pricing in the end of QE, just pretending to do so. If the market were to truly price it in, markets would be fucking nose diving, Portuguese, Spanish, Italian and Greek bonds would be blowing out–diverging from the nazis.
Enjoy the pastoral views. The fall is coming.
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The quiet, dark, spiderweb filled basment of the ark – where only the cockroaches, two mice and I reside, has sprung what appears to be a tiny leak. I’ll try to patch it with some gum.
The youngsters around here may not know what those puppets/stuffed animals represent. Perfect pic.