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
19,351 Blog Posts

The Trade Wars Will Continue Well Into Next Week

See the market close, +115? You’re right now brimming with confidence — on the balls of your feet, ecstatic by the specter of your own grandeur — having bought the dip successfully and floated into the weekend surrounded by an air of impenetrable success.

The tariffs on China have gone up from 10 to 25% and negotiations have ended and there isn’t a deal; but Mnuchin is optimistic and the President told us the new taxes on Chinese goods coming into America will make us rich. The money will be used to help farmers till the land and to build road and tunnels, maybe even great giant structures at the southern border.

Nothing can go wrong — because nothing is wrong.

Have a great weekend people and make sure to chill the champagne and wait for it to be properly frapped before consuming it.

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. it is showtime
    it is showtime

    Those treasury auctions are gonna get funner and funner

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. acehood

    Frapped?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. MSGT HARTMAN

    According to 0bama, Trump has a Magic Wand. Mic drop.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • irma vep

      Probably not a welcome comment, but President O’bama was handed one of the worse situations in the history of our nation and handled it all with a Grace and intelligence that makes me proud we elected him twice.He had the right advisors and he was a great listener and decision maker. “Stuff” way more critical than tariffs with the Chinese; and I resent Charlie Munger’s recent comments on immigration. He’s so old he can hardly flesh them out before needing Oxygen and a nap.

      If ppl are so bent over tariffs then start a new industry for these goods that we import. What! Is that crickets I hear. How much friggin’ stuff do we need? There are competitors all over the world. Oh, what’s that? We may upset China. Yes we might. Yes it can become a Cold War. It’s a game of see-saw. Remember the kid who just jump off the see-saw when you were dangling in the air. Hard landing.

      Maybe Trump can pull off the whole tariff thing to benefit the US. . If he does, he’d be doing his legacy a favor.He hasn’t done much else except preach intolerance for non WASPs. Although he seems to have a predilection for Eastern Europeans at least.

      • 0
      • 0
      • 0 Deem this to be "Fake News"