iBankCoin
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
23,474 Blog Posts

U.S. Futures Beat Down; Trump Agenda in Jeopardy of Getting Ryan’d

The reality is far different from the perception tonight. Traders are perceiving this as a risk off situation — since the healthcare bill fail is a symbolic beacon of GOP ineptitude. They’ve been trying to shill their way out of Obamacare for the past 7 years. You’d think Ryan and co. would have a better plan to pass a bill. I know leftards will simply chalk it up to more GOP bullshit, but one has to look at these events with a cynical eye and remember the GOP/DNC are really just one giant uniparty. The only person not invited to said party is Trump. In other words, if the conservatards really wanted Obamacare gone, they would’ve produced a bill that would’ve made it happen.

It’s like feigning to open up a pickle jar after one unenthusiastic twist, ceding to its might by saying ‘what did they glue this fucker shut? — I can’t open the darn thing’, before heading back to the teevee to watch the game and fill your fat fucking faces with nacho chips.

The GOP would rather watch the game and fill their fat fucking faces with nacho chips, than govern, if you catch my drift.

So this narrative speaks poorly for the other shit Trump wants to get done. As such, Nasdaq futs are off by 28, Dow off 83. The euro is up sharply v the dollar, +0.43% and the yen is soaring +0.9%.

Dr. Copper is off by 1.5% and gold is higher by 0.65%.

Asian markets are mostly uneventful, aside from the Samurai-less NIKKE, which is getting beat the fuck down by 1.55%.

European markets are indicating a -0.50% open.

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7 comments

  1. husaria

    Conservatives are really just lagging liberals. Sad!

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  2. rahagar

    Yeah, SMFH at whatever the GOP has become. Clearly they are behind Trump about as much as the FBI and CIA are.

    The government is no longer in charge of the government. We the People appear, by many accounts, to be Fuct.

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  3. stockslueth

    Uniparty – All things to all people. Status quo its specialty.

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  4. sarcrilege

    Two positions on every issue: private and public.
    (who said that?)

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  5. ironturd

    Guess the Republican Party has achieved victory in this week’s eventful episode of the Blame Game. Throw up another free trial to see what gets flagged this time in three days, #exodusgate #oversoldthealexjonesbit #stuck100%longcheesepizza

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  6. the dude

    Indeud. The Republicans in Congress are more interested in stuffing their faces with nachos than governing. Replacing Ryan won’t help. It is worse than ineptitude although that is there in heaping piles; the problem is structural. The so-called Freedom Caucus with 37 votes can undo any initiative and will. Trump in theory could go around them and do some populist legislation by working with Democrats but he is completely incapable of leadership. Utterly and completely incapable. And that’s before we even get to the multiple investigations into foreign corruption. There eventually will be more resignations and some prosecutions. It is gonna be an ugly four years.

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