Bill Clinton Wants to Fill Detroit’s Vacated Homes and Jobs with Syrian Refugees

It’s like a crazy man is on the teevee, spewing insane shit and thinking everyone is just as crazy as he is. Is he so fucking delusional that he believes these Syrian refugees are all peace loving men and women, wholly interested in raising families and just integrating into our western ideal? Of course not. This is part of the plan.

Bill says “there are 10,000 structurally sound buildings in Detroit, which are vacated” that can be filled with Syrian refugees. He says Syria is truly the ones missing out on all of this winship and how we will take these ‘hard working’ people and make lemonade.

The fuck?

It’s all there in black and white.

Speaking of which, the black unemployment rate in Detroit is upwards of 15%.

It’s actually a lot worse than simply retail dying in a particular setting, such as a mall. Retail is getting killed, because of bitches like Heather Bresch and the entire healthcare industry raping and ravaging the upper middle class. Retail is getting killed because of student loans, predatory lenders and rents that are out of control. Kids are re-urbanizing the cities, which is expensive. Said fuckheads living in these cities do not have any money to buy things, after rent, food and transport.

Just a few years ago, people were taking trains and busses. Now those same fuckheads are in Ubers, which is more expensive.

The price of food has risen, as people become keenly aware of GMOs and the shit companies put in the food supply. Pushing against that, folks are opting for organic food and fresher ingredients. That shit is expensive. You get my drift.

There is a cultural shift away from clothing oneself in the best possible garments, or even decent stuff, to dressing like a fucking hobo. Because of all of these things, retailers are feeling the pressure on their top and bottom lines.

Both DSW and ANF are the latest examples of people not giving a shit about the clothing industry.

Listen to me: it’s over and never coming back. Amazon is the matrix. In 50 years hence, all of the malls will be vacated and vegetation will fill what was once a prosperous setting. The landscape of America will be one of a dystopian scene, with vacated streets, crumbling infrastructure, and people robbing one another for food and healthcare vouchers. The trend is, inexorably, horrific–if you actually take the time to extrapolate out.

Sure, you may think all is well now. After all, you’re doing fine. Your brokerage accounts are at record levels. But the current trajectory of healthcare, education and general living expenditures are on an unsustainable path–heading straight for destruction.

Other than that, everything is great.

The dollar is 0.4% higher v the euro, which is pressuring oil–currently off by 1%. The slow, but certain, demise of the shopping mall is abundantly clear today, with ANF knifing lower. Apple is getting raped by the tax man in Europe, much to Tim Cook’s chagrin. And a general malaise is sweeping across Wall Street ahead of Friday’s jobs report.

Do not expect any traction in either direction before those numbers are released.

Having said that, it’s import to note that copper is trading $2.07, now down for the year. I am short FCX and believe it buckles under $10, before the summer is over.

Bonds continue to hold value, even with people running scared over Federal Reserve rate hikes. The reason being, there is an underlying fear permeating the minds of asset managers. I’ve been managing money my entire life, ever since birth. While some of you pretend to manage money online, I actually did it for 18 years. There is an uneasy feeling just underneath the surface, a general disgust with the way things are progressing. Populism is sweeping the country and the elite are worried about the status quo. There are many things that need to be resolved before the market can truly break out. I suspect we won’t have clarity until after the elections.

We must do a better job at restricting free speech. Have you seen, or heard, some of these Trump XENOPHOBES? My heavens, we must remove them from the internets and possibly intern them for reeducation purposes. Our civil society, one who is readily busy bombing the fucking shit out of minorities into the fucking ground, and who keeps minority neighborhoods wards of the state, wholly dysfunction and unsafe and without investment from our non-racist business leaders, cannot and will not tolerate hate speech.

As such, the historically kind and just and loving nation of Germany, single handedly responsible for over 100 million deaths over the past century, wants Facebook to take a more onerous and hardline approach to hate speech. You know, get rid of accounts of people who protest immigration or people detonating themselves in cafes, in the name of their God.

“Facebook has an immensely important economic position and just like every other large enterprise it has a immensely important social responsibility,” Thomas de Maiziere said.

“Facebook should take down racist content or calls for violence from its pages on its own initiative even if it hasn’t yet received a complaint.”

Last year Heiko Maas, the country’s justice minister, told Reuters that Facebook must abide by stricter German laws banning racist sentiment even if it might be allowed in the United States under freedom of speech.

De Maiziere said he recognized Facebook’s efforts to develop software that can better identify outlawed content and praised its efforts to fight child pornography. He said it was right to warn users in its terms against the dissemination of illegal content.

“But it’s up to the company to ensure those terms are upheld,” he said. “A company with a good reputation for innovation will have to earn a good reputation in this area.”

Eva-Maria Kirschsieper, Facebook’s head of public policy in Germany, told reporters during de Maiziere’s visit that the discussions between political leaders and companies in social media would continue.

“We see ourselves as part of German society and part of the German economy,” she said. “And we know that we have a major responsibility and we want to live up to this responsibility. We take this issue very seriously indeed.”

Just know, iBC will never have you sent to gaol for comments left on this site, or any of our domains. They will, however, might piss me the fuck off and force me to visit you, as you drown yourselves in glasses of chardonnay, to punch your fucking mustaches off.

A powerful gale is coming from the east (extra Dickens) and it will blow out your piker portfolios straight out of the waters. The markets have traded sideways for more than a month now, unable to break out of its tight range–frustrating ardent longs and the canaille pretending to be important, who are instead from the Third Estate.

Morgan Stanley is out with a note suggesting to ignore the Federal Reserve, them and their petulant ham and eggers, faking hawkishness. Instead of selling bonds, like a moron, and getting long stocks, Morgan suggest that you board the ark and reserve seating next to the giraffe and the leopards.

“We found little at Jackson Hole to sway our view on the U.S. Treasury market,” Morgan Stanley strategists Matthew Hornbach and Guneet Dhingra wrote in a client note. “While August payrolls present an obvious risk, we continue to believe market-implied probabilities for a September rate hike will end at zero, not 100.”

There are several preferred ways to play this. I will highlight some of my favorite ideas.

For a straight forward allocation into long duration treasuries, without leverage, buy TLT. It pays a monthly divvy, annualized at around 2.5%, and is at the epicenter of all large money managers daily buying programs.

If you’re not interested in the income aspect of treasuries and only want the price action, go with the zeroes, ticker ZROZ.

3x long datedTreasuries: TMF

2x long dated Treasuries: UBT

US Treasury strips: EDV

7-10 yr Treasuries: UST

Before I started doing finance news, my world was secluded to a very small, unexciting, corner of the world. You had to deal with my caprices, either through my bitching and whining or discussing the glorious nature of my victories. After 8 years, believe me, it got boring. Ever since I started to write news, I’ve felt a renewed vigor in my prose and a strong desire to paint a narrative for all of you out there. Granted, none of you are able to understand, let alone realize, that I am in fact painting a masterpiece. But you will in due course.

Tonight I throw shit at the canvas and label it ‘fucking art.’

Dennis Gartman went on the teevee, with his fucked up, non-bespoke clothes, and talked a whole lot of gibberish.

Stocks to go higher, ‘lower left to upper right.’

‘Oil has no choice but to go lower.’

Gold is going higher too, but only in euro terms. Trust me when I tell you, 99.999% of traders don’t bother to convert into a foreign currency before going long gold. Also, it was one of iBC’s own, J from Australia, who gave Gartman that whole cockeyed idea of going long commodities in different currency denominations.

Also, he’s calling for a 15% drop in the yen. Yeah fucking right. Good luck with that. And, on top of that, he thinks the dollar is heading for parity with the euro. That’s more than 10% from current levels. Ha!

With the dollar viagra’ing its way higher, he still thinks stocks will rip tits to the upside. Lastly, oil has no choice but to trade lower, naturally.

FUCK!!! (head explodes)

Earlier this morning, I tweeted this.

Then after the close, Rich Ross, professional yarn weaver at Evercore, went on CNBC and said this shit.

What’s with all the perfect storm references? That movie wasn’t even great. It was okay, but not good enough to obsess over. Why can’t we just have regular storms? Why the perfect one?

New record highs. The only problem with these records is the lack of actual traction in a very wide swath of the market. According to Exodus, the median gains for the past month is just a little bit more than 1%.

Semiconductors are higher by 18%. The banks are all higher by 5%. And apparel stores are higher by 4.5%–all over the past month.

Offsetting these gains are losses in gold -10%,  internet service providers -7%, home healthcare -7% and telecom -5.5%.

The largest sector by market cap, Drugs-Major, are showing losses of 2.7% for the month. Major oil and gas, the second biggest sector by market cap, was higher by 2.8%.

The NASDAQ, as a whole, is up 1.5% over the past month and flat over the past two weeks.

Over the past 3 months, the NASDAQ is higher by 6.5%, while treasuries are higher by 8.5%.

QED

CNBC.com has an article up right now which doesn’t speak to a Hillary landslide predicted by Wall Street. It actually is more about the polls tightening in the months to come, which might lead to a small sell off in markets. The overarching theme is a Clinton victory and GOP controlled congress, which would equate to gridlock aka status quo.

The analyst cited in the article says gridlock is good, so that’s that. Nowhere in the actual contents of the puff piece did it say the win would be such a landslide that the dems would take back the congress.

“You have a Democrat president, and a Republican controlled Congress which means you have gridlock in Washington. The market is pricing in this gridlock, meaning it’s going to be that much of the burden of supporting the economy falls on the Fed,” said Woo, head of global interest rates and foreign exchange strategy

This is yet another example of the main stream media conducting public relations operations on behalf of the Clinton campaign.

Meanwhile, as the market tips to new highs, the ark floats, with an effervescent magnanimity one would expect from a vessel crafted by God himself.

The Clinton News Network (CNN) broadcasted a tweet that Trump sent out, challenging H. Clinton to release her medical records. The only issue with their broadcast is that it was edited to exclude Trump’s term of endearment for her: ‘Crooked Hillary.’

Can you imagine the shit these fuckers were pulling before the internet was around to check them?