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
19,896 Blog Posts

Trump Ups Ante — Imposes Visa Bans on Chinese Officials

Markets were recovering until this came out — more bullshit by Trump by way of Chinese trade war.

This ends, naturally, with Trump forcing out all Chinese students from American Universities — and China banning and/or liquidating their Treasuries.

Meanwhile, QE4 is unofficially underway.

As jarring as this all seems, judging by recent history, Fed intervention should be bullish for stocks. It’s unhealthy and morally wrong, but asset prices will be jimmy jacked the fuck higher. As for the China trade war business, not good.

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2 comments

  1. numbersgame

    ZH: “QE4 is already the same size as QE1 ”
    Fly: “Congrats. Congrats, you did it. ”

    ZH is great for up-to-the-minute news, but you have to filter through the utter bullshit like this (or this “New Peer-Reviewed Danish Academic Study Finds Diversity Is Not A Strength”). As I’ve mentioedn before, the FED IS increasign their Treasury balcne, but this is because they are **decreasing their MBS balance**. Even their huge end-of-quarter Repo deals are beign unwound.

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  2. it is showtime

    Absolutely abysmal effort, ppt

    You must feel slightly despondent with that effort on Friday

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