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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

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  112 Comments

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LiberoAGXIIK
Jun 2, 2020 - 1:37pm

No, the self confessed

"just grab their pussy" current occupier in the white house.

them's the facts.

H8Fiatmavens
Jun 2, 2020 - 1:36pm

Re: Home defense shotgun

Hard to beat a 870 pump. I personally have a Mossberg 500 with a pistol grip. Now if you want a real alley broom, recommend a Saiga 12 with drum mag. AA-12 great if you can find, less recoil.

H8

AGXIIKLibero
Jun 2, 2020 - 1:32pm

Whaaa?!?!?! Hillary kept her office in the WH??

I thought she was in Martha's Vineyard

Or maybe Martha's bush

LiberoLibero
Jun 2, 2020 - 1:31pm

And for all you constitution freedom fighters

"The scene was jarring: Police violently broke up a peaceful and legal protest by several thousands in Lafayette Park across from the White House ahead of a speech in the Rose Garden by President Donald Trump.

The protesters had gathered in the park on a sunny evening Monday following the police killing of George Floyd in Minneapolis a week earlier.

The police fired tear gas and rubber bullets and deployed flash bangs. As police directly confronted the protesters, many held up their hands, saying, “Don’t shoot.”

https://apnews.com/9171e3c885fdda97cd52de38febcc423

So trumpy could take a stroll in the park and hold up a bible (which he should read) in front of the church ala his good bud Kim in North Korea.

LiberoAGXIIK
Jun 2, 2020 - 1:26pm

He who blames...

you forgot to put the sexual predator in the white house in that camp.

mavenscashonly
Jun 2, 2020 - 1:23pm
Ben StackinAngry Chef
Jun 2, 2020 - 1:14pm
eastofwest
Jun 2, 2020 - 1:06pm

'They' ...

Were laying in wait ... In strength ...

Angry Chef
Jun 2, 2020 - 1:04pm

IS IT ONE GIGANTIC PSY-OP? GEORGE FLOYD’S CORONER WAS ALSO...

...JEFFREY EPSTEIN’S

You just can't make this S&^t up...Actually I guess you can. We'll have to stack this one up against Climate Change, WMD's, 9-11, Syrian Chemical Weapons, Russiagate, Novochuk, the lone bullet, Cornholyouvirus, and, " I did not have sexual relations with that woman ". Oh ya, Seth Rich, MENA Arkansas, Murrah Building, Gulf of Tonkin....

https://www.shtfplan.com/headline-news/is-it-one-gigantic-psy-op-george-...

Angry Chef
Jun 2, 2020 - 12:58pm

Rioters...

...Hell ! They're not social distancing. Does that mean Covid-19 is officially over ?

https://www.strategic-culture.org/news/2020/05/29/german-official-leaks-...

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