Sponsored by

Tuesday Conversation - Brent Johnson of Santiago Capital

CEO, Portfolio Manager
Santiago Capital
112

Following Monday's podcast with Luke Gromen, I thought it would be fun to next visit with our old friend (and fellow Cornhusker), Brent Johnson. For this discussion, Brent and I cover several of the same topics as yesterday while incorporating Brent's unique perspective on the markets.

So for this podcast, Brent and I begin with the same Krugman tweet that Luke and I discussed yesterday:

Repeat after me: debt is money we owe to ourselves. It doesn't make the nation as a whole poorer. https://t.co/yyAkexUV0N

— Paul Krugman (@paulkrugman) May 22, 2020

From there, we discuss:

  • the liquidity-driven necessity of QE∞
  • the impact of an official yuan devaluation
  • global demand for dollars driving its relative value higher
  • whether QE∞ will ultimately be inflationary
  • the possibility of global stagflation
  • and quite a bit in between

Many thanks to Brent for being so generous with his time. I think you'll find this podcast to be extremely interesting and thought-provoking.

TF

JOIN US

  112 Comments

  Refresh
Juniormint99AGXIIK
Jun 2, 2020 - 9:46pm

300 BLK

This is another very versatile option. It can shoot subsonic 190grain and if you load them with Lehigh defense https://www.lehighdefense.com/all/300-aac-blackout-whisper-194gr-subsoni... expanding bullets it is very deadly with low penetration( it dumps all its energy in the target.). It can also shoot 115 grain bullets effectively out to 25o or 300 yards if you need to go long range with just one gun.

Ben StackinOskar
Jun 2, 2020 - 9:45pm

Like moths to a flame....

you guys just won't mute Libtardo, will you?

Happiness is a warm mute button.

Ben

MickeyRickshawETF
Jun 2, 2020 - 9:36pm

Mossberg

its short and good inside the house.

allenb
Jun 2, 2020 - 9:28pm

My gun

Mavens,

Here is my weapon of choice. Scares the shit out of them. Nobody wants to mess with a madman!

robobrewerscoremore
Jun 2, 2020 - 9:17pm

RE: Hit job

The Cartel never seems to run out of ammo.

I don't know what to make of the silver chart now. Obviously the price today was completely due to manipulation but will that matter moving forward?

Looks like Asia has picked up where the COMEX left off and we are back under resistance. More of my call option time value wasted. Grrrrrrr!

RickshawETFBoggs
Jun 2, 2020 - 9:10pm

The Bullpup

That is the most beautiful thing I've seen! -- after a Saint-Gaudens Double Eagle in Proof condition . . .

Must. Have. One.

scoremore
Jun 2, 2020 - 9:04pm
scoremore
Jun 2, 2020 - 9:02pm
4 oz
Jun 2, 2020 - 8:40pm

B L S B S

BLSBS Friday..... here it comes!

Freely admit I have no idea how the numbers come out end of this week. Does it even matter? What should I expect??

boomer sooner
Jun 2, 2020 - 7:56pm

@mavens

I second Boggs. The KSG is short for confined areas, quick charging, and holds a ton of rounds. I have one loaded with Lawman 00 buck in one tube and #8 in the other. Selector switch for which tube loads. Add a bright light grip to the front, best close quarters firearm on the market.

Black rifle home defense makes me nervous, because if u miss, the neighbors come into play unless their home is brick exterior.

Fore Grip Light (surefire also makes one, but it's $250)

https://www.ebay.com/itm/392822211864

KSG

https://www.gunbroker.com/All/search?Keywords=Ksg

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Forum Discussion

by scoremore, 8 min 22 sec ago
by DeaconBenjamin, 15 min 28 sec ago
by scoremore, 21 min 17 sec ago
by 11IMIX, 1 hour 25 min ago
by UncleFester, 3 hours 57 min ago
randomness