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Yearly Archives: 2016

Morning Joe Weighs in on the Unbelievable Failure of the American Media During Elections

They were shills, all of them. The biggest losers during this election were the media writers and editors and reporters who placed their fucked up bias in the place of objective journalism. They RUINED the 4th estate. Don’t you shit heads understand how wrong this is (I am speaking to liberals)? And, by the way, the democratic party isn’t liberal anymore, but wrought with neocon globalists who want to enslave you, make you poor and become wards of the state.

As a finance blogger, I found myself doing the reporting that the paid journalists at Washpo and NY Times should have been doing. Sites like Zerohedge and Daily Caller crushed it because there was a void to fill. Traffic at iBankCoin is at record highs, in spite of market apathy over the past 3 months. Why do you think this is the case?

The people are dying for a semblance of honesty and integrity. The media, especially the newspapers, failed the American people and have become bitches for the democrat party.

Although the folks at Morning Joe are in fact establishment scum, they at least offer nuggets of brilliance from time to time.

Must see.

The NY Times has a moment of introspection.

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Copper Continues to Blow Out of the Water, Sharply Higher Again in Overnight Trade

The phenomenal run continues to astound, much to my chagrin. Ever since Trump won, Dr. Copper has been soaring — the most since 2013. In about a period of two weeks, copper has moved higher by about 20%.

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Copper stocks are sharply higher, as a consequence.

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Socgen says copper is merely playing catch up to other base metals.

My primary beef with this bastard run in copper is that it means China is about to rip higher to the upside, economically. WRONG. China is going to get punch around the eye-sockets by President Trump. In other words, this rally is superfluous and horseshit.

According to Exodus, the copper sector is woefully overbought.

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Copper is higher by another 3% this evening — as abject retards play the chase game. Mark my words, all of these people will bankrupt themselves into a deep sorrow and laughable clown rape.

NOTE: This isn’t a zero sum game. The rise in yields and the dollar is crushing the skulls of weak nations with malicious efficiency. Keep an eye on emerging markets. Borrowing costs are going up. Not everyone enjoys record low yields, most readily found in the U.S. and Europe.

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Asian Markets Reverse Early Gains, as the Reality of an American First Trump Administration Sets In

It was fun while it lasted. But this isn’t a zero sum game. China has transferred all of our wealth into their reserves over the past twenty years — leaving us completely bankrupted and without a pot to piss in, dependent on the military-industrial complex to keep this shit show going.

Asian markets have reversed early gains and are now getting punching in the fucking eye-socket.

India -1.45%
IDX Comp -3.1%
Taiwan -1.75%
NIKKEI +0.14%
KOSPI -0.75%
Hang Seng -1%

Gold is down by 0.6%. And bond yields are rising again. The great big fucking bond allocation is being unraveled and my ark is taking on a considerable water. However, new storms are brewing on the horizon, which promise to disrupt all of this joyous decadence.

NASDAQ futs are down 0.75% — due to the fact that Trump hates sniveling cowards from Silicon Valley and shills are selling thinking he’s a fascist. Truth is, he’ll probably leave the shills alone.

See to your own Hitler character traits and chill.

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Guardian Writer Calls for Assassination of Donald Trump

As the intolerant left continues to cry and riot, then cry again, because their globalist scum candidate lost — which happened because she was and still is 100% a shill and a criminal who should’ve been up for a parole hearing instead of trying to rule the free world, others are taking on a more malevolent tone

Monisha Rajesh, writer for the Guardian, actually tweeted that to her followers that someone should assassinate Donald Trump. She didn’t say it explicitly, but clearly you can see what she meant.

Since then, she’s deleted her Twitter account and probably regrets posting such a stupid thing. The intolerance of the left cannot be permitted and must be exposed, especially from those in positions of power and influence.

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The CEO of $GRUB, Matt Maloney, Flaunts His Bigotry, Asks His Pro-Trump Employees to Resign

He just sank his own battleship. This is the sort of press that ruins your company, career, and make you look like a complete and utter jackass. I get the fact that Matt has a distorted vision of the world. But to be so intolerant about the beliefs of another person, asking them to quit and to suffer because of political views, is beyond ridiculous. He is a fucking asshat.

Look, none of you pole chokers have any real control over U.S. policy, domestic and abroad. I get the whole theatre of elections and how we’re supposed to hate each other for a solid 9 months. But, at the end of the day, we all want to unwind, eat a fucking steak, and drink a large glass of wine. Being that this fuckhead is head of a food delivery company, aka hospitality, his sins are even more egregious.

Imagine Hitler delivering food to your house for dinner. That’s what Grubhub now represents, an intolerant company led by a man without a moral compass and empathy for his neighbors. Matt Maloney is, inherently, a very bitter, and probably evil, man. Now that he’s introduced himself to me, I will put him in the daily rotation of people I am interested in talking about — joining the ranks of Billionaire Ackman, Ron “fucked up JC Penny real good’ Johnson and Tim ‘super single and gay’ Cook.

“If you do not agree with this statement then please reply to this email with your resignation because you have no place here,” wrote Matt Maloney, Co-Founder of Grubhub. “We do not tolerate hateful attitudes on our team.”

“I absolutely reject the nationalist, anti-immigrant and hateful politics of Donald Trump and will work to shield our community from this movement as best as I can,” Maloney wrote about Trump’s supporters.

“I want to reaffirm to anyone on our team that is scared or feels personally exposed, that I and everyone else here at Grubhub will fight for your dignity and your right to make a better life for yourself and your family here in the United States.”

Matt is without question, one of the most butt hurt libtarded CEOs in America right now. Let’s see what people on Twitter think about his Stalinesque position on casting out hard working people due to their political beliefs.

If I was long this stock, heading into the buzz saw of this fuckery, I’d sell it twice — once to close out the position and again to create a short position. The stock has done very well this year, higher by 53%, because business has been good. But the CEO just told 50% of the country to fuck off and that he didn’t want their business. Very seriously here, and depending on how this plays in the press, this stock could hit single digits in fairly short order. I’d expect a massive reduction in both revenue and earnings expectations. Matt Maloney is done at Grub. Without a doubt, after the stock drops and revenues plunge, the board will be forced to fire him.

grub

At 80x earnings and almost 8x sales, the stock is easily vunerable for a 50% drop. But I’ve never seen a CEO do something this stupid — which makes me believe it can go even lower.

Look for lawsuits to fly soon.

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The Trump Squeeze Continues; Banks Up 20% Over Past Two Days

This was easily the greatest and biggest short squeeze in recent history. Almost everyone thought stocks would get hammered after a Trump win, myself included. It just goes to show you how utterly useless conventional think is when investing.

Many bank stocks are up an astounding 20% over the past two days — based on a bullish fervor in regards to a removal of regulatory hurdles.

Bear in mind, the premise of this rally seems to be predicated on the notion that status quo will not only persist, but that big business will do ever better under a Trump administration.

Everyone wins if the economy grows faster than the recently prescribed 1.5%. But nothing has changed yet, except the fact that the CEO of America is a person who is uniquely equipped to help the country grow again.

Nevertheless, in order to make an omlette, you have to break a few eggs. This entire rally is going to be revoked in due course. It’s just awfully hard to do so ahead of National Feast Day.

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Rudy Giuliani on the Short List to Become Next Attorney General; Hillary Might Be Heading for Jail

The misfits at Buzzfeed ‘obtained’ a list of potential Trump cabinet appointments. Said list was likely obtained by one of their drunkard reporters who just made the shit up at one of their heroin parties.

But one thing is indelibly clear: the next AG is very likely to pursue a criminal case against Hillary Clinton, for the many crimes committed against the American people.

On the short list of people who might get the job is former NYC mayor and US attorney, Rudy Giuliani. Let’s see how he feels about pursuing a case against Hillary.

“I would bet my life, if you put me in front of 12 fair and decent Americans and you let me prosecute this case against Hillary Clinton, she would go to jail.

Ah, very nice. Alas, it’s very likely, in a fair and just America, that Hillary Clinton, in addition to losing the election to become President of the United States, might also be going to jail.

Here’s the bullshit list obtained by Buzzfeed

Attorney General:
Gov. Chris Christie
Attorney General Pam Bondi
Sen. Jeff Sessions
Former Mayor Rudy Giuliani

Secretary of Commerce:
Christie
Former Nucor CEO Dan DiMicco
Businessman Lew Eisenberg
Former Gov. Mike Huckabee
Sen. David Perdue
Former Sen. Jim Talent

Agriculture Secretary:
Gov. Sam Brownback
National Council of Farmer Cooperatives CEO Chuck Conner
Gov. Dave Heineman
Texas Agricultural Commissioner Sid Miller
Former Georgia Gov. Sonny Perdue

Secretary of Education:
Ben Carson
Hoover Institution fellow William Evers

Secretary of Energy:
Venture Capitalist Robert Grady
Businessman Harold Hamm

Secretary of Health and Human Services:
Former New Jersey state Sen. Rich Bagger
Ben Carson
Newt Gingrich
Gov. Rick Scott

Secretary of Homeland Security:
Christie
Sheriff David Clarke

Secretary of the Interior:
Gov. Jan Brewer
Gov. Mary Fallin
Grady
Hamm
Oil Executive Forrest Lucas
Rep. Cynthia Lummis
Former Gov. Sarah Palin

Secretary of Defense:
Former Gen. Mike Flynn
Stephen Hadley
Rep. Duncan Hunter Jr.
Sessions
Former Sen. Jim Talent

Secretary of State:
John Bolton
Sen. Bob Corker
Gingrich

Treasury Secretary:
Rep. Jeb Hensarling
Businessman Carl Icahn
Banker Steven Mnuchin

Chief of Staff:
Reince Priebus

Director of Office of Management and Budget:
Sessions

Secretary of Labor:
EEOC Commissioner Victoria Lipnic

Veterans Affairs:
Rep. Jeff Miller

White House Counsel:
Donald McGahn

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Believe Me, the Mexican Peso is Cratering Again

The hits keep coming for the Mexican peso. They have a lot of devaluing to do, now that they’re responsible for paying for a gigantic southern border wall.

The peso is lower by another 3.2%, approaching fresh lows reached on election night.

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As an aside, the rise in sovereign bond yields isn’t just fun and games for asshole western nation with artificially rigged rates. As a consequence of the bond rout, nations who aren’t part of the QE cabal are seeing yields soar. The Brazilian 10yr is up 60bps today to 12.19%.

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Russia to Block Access to LinkedIn, After Company Failed to Comply with Data Storage Concerns

Now that LNKD is owned by Microsoft, I’m sure they don’t give a shit about losing a few million customers in Russia. That’s exactly what’s about to happen, after the company, stubbornly, refused to comply with laws that demand foreign internet companies keep storage of the data collected from Russian citizens inside Russia. It makes plenty of sense, especially in light of the fact that US companies have been co opted by government agencies.

Access to LinkedIn will be blocked in Russia after the U.S. social network failed to move personal data storage to the country, the country’s communications watchdog Roskomnadzor has said.

Conversely, services including Google, EBay, Booking.com and Uber have taken steps to move personal data storage to Russia, the watchdog has said.

“The access will be shut within days,” after a Moscow court rejected LinkedIn Corp.’s appeal Thursday, Vadim Ampelonskiy, spokesman for Roskomnadzor said. “LinkedIn failed to provide documents on moving personal databases to Russia.”

Last year, local authorities made it mandatory for foreign internet companies to store Russian clients’ personal data to servers located within the country. As the watchdog was monitoring implementation of the new law this year, LinkedIn became the first to fall foul of the ruling, with Roskomnadzor asking a Russian court to shut access to the site over non-compliance.

“The Russian court’s decision has the potential to deny access to LinkedIn for the millions of members we have in Russia and the companies that use LinkedIn to grow their businesses,” LinkedIn said in a statement. “We remain interested in a meeting with Roskomnadzor to discuss their data localization request.”

Shares of MSFT are lower by 2.5%

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