I was doing fine up until the market opened and my losses stacked. Last night AA Poster weaker than expected results, hammering the stock lower; and today FCX gave it a go and lowered guidance. This is coming off the backs of RECORD commodity prices.
So the question I’m asking myself here is: what the fuck is going on here? If demand isn’t causing prices of these commodities to rise, what is?
I guess we are enjoying rising inflation with runaway to the downside economic activity. This is not fine.
I’m down over 200bps for the session and my trading hand is cold. I’ll need to reassess and I’ve already done so by liquidating my losers.
Even though the market appears to be strong today — DO NOT BE FOOLED. That’s all Tesla. Most Stocks are down, with breadth at 49%.
If you enjoy the content at iBankCoin, please follow us on Twitter
“I guess we are enjoying rising inflation with runaway to the downside economic activity. This is not fine.”
They call it STAGFLATION.
I’m Joe Brandon, and I have forgotten this message
His handlers are letting him wander on stage confused …or with Easter Bunnies. They may be getting ready to 25th him.
After-all, a whore who is willing to read your script is worse than useless if the whore cannot read.
How can it be stagflation with strong economic growth and low unemployment?
Also, didn’t you predict a market collapse when rates when above 2%?
Inflation is a fucker but consumer savings seem to be holding things together.
What would you recommend the govt do to control inflation?
Cramer says the market is too hot and we need to slow down the economy to battle inflation, but as he has been a great contrarian indicator lately the fact is that slowing down the economy will only increase stagflation. The solution has always been production and the only question is what needs to be produced most.
We need massive economic growth powered by building nuclear power plants, fracking, pipelines and green energy. And that means we also need coal plants. The McCain “All hands on deck.” approach, but with a kick. And since the left won’t double down on oil, fracking, pipelines and coal like they need to without selling it to the climate crowd, there are CO2 scrubbing technologies now so just put CO2 scrubbers by every coal plant. Eliminate any gas tax.
Provide tax credit for all energy (extra nuclear, extra Gen 4 nuclear) but also 3d printing manufacturing to reduce the amount of shipping from locked down China. Tax imports from China. Just as we created energy independence and have cheaper gas than much of the world, we need to create manufacturing independence and become a net producer again even if it is done through automation. The small cost increase from taxing China is less important than manufacturing and development being a more economical option at home.
Provide major tax credits for vertical farms as food inflation doesn’t actually count against the official number but it’s the most important one to citizens.
We also need to design the education system for entrepreneurship, rip down the school system that has furthered the racial divide (poor, black communities have the worst education systems and worst graduation rates) by dismantling the teachers Union and opening up schools for competition. Provide vouchers for families, and tax credits and loans and have schools compete for government investments. This will create a future of producers and innovators that can create jobs and new industries and innovation as automation will reduce costs and replace many jobs.
Invest bigly in space. Creating massive number of space jobs enables faster automation away of many current jobs on earth. There are also only so many resources on earth. There are trillions of dollars worth of rare earth materials in space that can allow costs to approach zero over time and enable new application and industries.
Life based investment. Economist say life is worth $10million, (probably a lot more if we can increase growth), if universally (globally) adopted autonomous vehicles would only kill 500 in the world a day compared to 3700 currently, a net savings of 3500 per day or 35billion dollars per day added to the world economy. Abortion ends 880,000 potential lives per year or 8 trillion worth. 75% of those are due to economic reasons. It would only be pro choice if you support birth as a realistic option. Support financial assistance for life like Kanye proposed as long as the economics makes sense which would also incentivize more life. Maybe $1000 a month UBI to families of children born until the children turn 18. Create a new baby boom that will be part of a generation that will colonize space and Mars. Provide a bit more financial assistance for couples that live together or are married.
Convert the government from a charity growing at 2% in which 26 cents on the dollar goes to administration and many of which goes to pay debt… to an endowment fund. Eliminate all income taxes completely, the payroll tax, and the capital gain and dividend tax and spend government dollars on investments in mid cap and smaller business in exchange for (non voting) stocks, and then government can issue a cryptocurrency backed and convertible to stocks after a vested holding period. Add another much smaller program where US citizens can receive a 20% matching contribution from government for any funds that raise in cryptocurrency projects as a DAO as well as any start up business venture that crowdfunds. In exchange the government receives a share of the tokens if the DAO accepts it.
Now UBI that stimulates the baby boom and future economic value and any other government project doesn’t cost the tax payer anything but massive growth in investment offsets, not to mention the business stimulus can fund new projects that lead to growth and the government becomes a shareholder of America instead. Maintain division of power between business and government by not allowing the government to vote as a shareholder or having conditions for the money.
The Treasury 5 Year is above the T30 and about to cross 3%.