Summer Ends, Jackass Appears

51

In a continuance of our "holiday tradition", Jim Willie stopped by Turdville yesterday to share his thoughts on current events and where he thinks this all headed.

The Jackass was his usual self, even if a bit under the weather. In this podcast, we discuss:

  • Yesterday's announcement by Gazprom that they will begin accepting payment in rubles and yuan
  • The escalation of US and EU sanctions against Russia and how they are failing/backfiring
  • The growing isolation of the US as a economic superpower
  • The eventual emergence of a new global currency regime

This baby clocks in at slightly over 60 minutes so please try to pace yourself. You don't want to overdo it.

TF

  51 Comments

pontiac
Aug 29, 2014 - 10:15am

First

First first

Wizard
Aug 29, 2014 - 10:17am

Happy Labor Day Weekend

I Truly Hope Everyone Enjoys This Labor Day Weekend, With Good Friends and Family.

With everything spinning at such a faster pace than ever before. Coming off the tracks seems to be almost an inevitability.

Craig Thank You for everything you do and This Great Community That We Have Here.

When you next speak to Jim Tell Him Thank You for all he does too.

Everything Is Greatly Appreciated

W

CPE
Aug 29, 2014 - 10:20am

Thanks Turd

have a great weekend!

DeaconBenjamin
Aug 29, 2014 - 10:24am

Gold, silver up on festive season demand, global cues

NEW DELHI: Extending gains for the second day, gold prices moved up by another Rs 70 to Rs 28,300 per ten gram in the national capital today on increased buying by jewellers and retailers, driven by festive season demand coupled with firming global trend. Silver also rose by Rs 150 to Rs 43,000 per kg on steady inflow of buying by industrial units and coin makers. Traders said sustained buying by jewellers and retailers to meet festive season demand and a firming global trend, as escalating tension between Ukraine and Russia spurred safe-haven demand, mainly boosted sentiment. Gold in Singapore, which normally sets price trend on the domestic front, traded tad higher at $1,290.22 an ounce from $1,289.65 yesterday. Silver also advanced 0.3 per cent to $19.57 an ounce. https://economictimes.indiatimes.com/markets/commodities/gold-silver-up-...

Mr. Fix
Aug 29, 2014 - 10:27am

Excellent interview

It was great to be able to listen to you and Jim last night as a bedtime story,

and it was encouraging to hear that “the end of the great Keynesian experiment” will not be a nuclear holocaust.

Anything that helps me sleep is always appreciated!

R man J
Aug 29, 2014 - 10:27am

I was worried

Thankful that the jackass is well again. Newsletter had much good content even though he was very ill for a long time.

metalsbyamile
Aug 29, 2014 - 10:31am

Economica

The Fight of The Century

"Fight of the Century": Keynes vs. Hayek Rap Battle Round Two

Brilliant. Bloody brilliant.

judejin
Aug 29, 2014 - 10:35am

silver inventory at shanghai futures exchanges

dropped below 100 tons today, stands at 95 tons!

backwardation in shanghai

sept. 2014 is 1.5% above dec. 2014

dec. 2014 is 1% above june 2015.

shanghai spot silver price is 6.5% above comex!

this is unprecedented!

judejin
Aug 29, 2014 - 10:40am

Hi, judejin. Yes, pls keep us posted

Earlier this week, SRSrocco asked me to check with Andy Maguire to see what he thinks of this. Andy emailed back that this Shanghai drawdown is "a very big deal".

judejinTF
Aug 29, 2014 - 10:59am

the other good news is

the very few gold miners in the chinese A share market are getting ready to break out of the 3-year-long consolidation.

in 2009, the three biggest gold miners repeatedly topped the most traded stocks for weeks, accounting for 1/10 or 1/20 of the entire daily turnover!!

records are set to be broken

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Subscribe or login to read all comments.

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 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Recent Comments

by Turd Ferguson, 6 min 24 sec ago
by Turd Ferguson, 8 min 27 sec ago
by WTHarvey, 8 min 33 sec ago
by lakedweller2, 23 min 30 sec ago

Forum Discussion

by HappyNow, 6 hours 21 min ago
by argentus maximus, 7 hours 33 min ago
by zman, Feb 17, 2020 - 10:01pm
by argentus maximus, Feb 17, 2020 - 7:27am
by NW VIEW, Feb 16, 2020 - 6:46pm
randomness