All of the smartest men said the Fed would pause, maybe even cut. But they spiked rates another 25bps and spoke hawkishly. Inside Stocklabs, I warned the proles against responding to the initial move. Once again… I was right.
I added to my UVIX position and now sit like a King atop gains of 1.6% — due to highly proficient, highly skilled trading.
You can never trade as good as me — but you can copy me for free inside Stocklabs.
My sense is, auto loans at 20% for sub prime is reason enough to believe in the worst case scenario.
Batten down the hatches for a great doom has been cast.If you enjoy the content at iBankCoin, please follow us on Twitter