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
22,556 Blog Posts

GOOD NEWS: The US Economy is in Shambles

Really good news lads. Today’s PPI was so bad, it almost matched the COVID lows when the entire economy was shut down.

Microsoft is laying off 10,000 and the economy is in a tailspin.

On this news, stocks are up and the US 10Yr PLUNGING -14bps to 3.39% — just in time for the spring housing market.

Commodities are ripping and the dollar dropping: perfect.

I also caught a buyout this morning with VLTA and stand before you +200bps or +7.15% for 2023.

Interestingly, my automated quant is +7.65% for 2023. I simply cannot stop the winning.

Thank you Jim Biden for destroying the US economy, allowing me to profit.

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One comment

  1. flea

    The 3-month T-Bill is now 115 bps ABOVE the 10 Year.

    This is REAL yield curve inversion. Can’t be a spurious signal…

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