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
22,270 Blog Posts

RIGGED HIGHER

Does it really matter at this point? The market hasn’t been an accurate portrayal of the economy since 2001, if we’re being honest. All crises are papered over and when that doesn’t work, the numbers are rigged.

This is the final salvo of PAX AMERICANA. Desperate times calls for desperate measures. Hence the government is doubling the size of the IRS to collect more of your money.

The government is poor; but the people are very rich. The net result of a globalized hegemony has created an Uber upper class in America with wealth beyond anyone’s comprehension. These people aren’t going quietly into the dark and they’d prefer to kill you before letting it all end with a wimper.

The euro is flying +1.3% vs the dollar. Oil is crushed lower thanks to rigged numbers above. And SAAS is now +11% for August. Presciently the Stocklabs quant rotated out of oils and into healthcare and tech. The net result is +2.5% for the month vs would have been down 3-5% for oils.

The rotation continues.

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6 comments

  1. indie

    ZH : telling you how to lose money since 2009.

    Never seen a bunch being so much on the wrong end of everything since forever. They obviously don’t follow their advice or they would be bankrupt a long time ago. TME on the other hand are good bunch.

    Not sure why you keep qualifying government agencies doing their job of enacting policy to dampen and ease economic troubles or bubbles (read not going to far of the mean) as “RIGGED”… it’s not rigged it’s what they do and should do. At the same time are you one of those lets go brendan do something about the inflation? or not? hard to follow… damn if they do… damn if they don’t.

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    • helen

      He’s donated his few remaining brain cells to the maga cult. Decided to become zerohedhedge’s dicklicker and fashion his content based on 0hedge. Believe it or not, used to be good content in it’s original form!

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      • metalleg

        You and indie should get a room. Or perhaps you already have a room and are both posting from it.

        Stupid people criticize smart people.
        Smart people ignore stupid people.

        Got it?

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      • warpig

        And yet… you’re still here Helen, Skittle-haired as ever and endlessly wallowing in whatever backwater sewer your drunk absent mother spat you out in.

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    • Dr. Fly

      It’s Rigged.

      And shut up you bitch

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  2. roguewave

    The agency’s budget was $12 billion. The Healthcare Reduction Act* doubles* that to an additional $80 billion.

    The House Ways and Means Committee says audits will increase by
    700,000 / yr on the rich* (those earning under $75,000)
    500,000 / yr new audits for the poors* (those earning over $75,000)

    * New math and Ingrish

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