The Holiday Tradition


A holiday tradition continues here in Turdville as The Golden Jackass himself, Jim Willie, recently stopped by for a discussion of current global events.

OK, everyone, I hope you're ready. Jim and I hadn't talked for almost 90 days so, once he got started, it was pedal-to-the-metal. As I often do with Jim, I mainly just sat back and let him roll...of the 65 minutes, you get about 60 minutes of Jackass and 5 minutes of Turd. And we still didn't even come close to getting everything covered! Therefore, Jim will be back right before Christmas and we promise to discuss these topics in even greater detail.

For now, though, just sit back and enjoy if you have the time.



Nov 26, 2014 - 11:45am

Two firsts in one day

I am buying a lottery ticket today...NOT


Nov 26, 2014 - 7:01pm

Swiss vote that could add $50 to price of gold

“It is about time that the power of central banks is contained and regulated. The Swiss gold initiative, while not ideal, would be a starting point,” said Marc Faber, editor of the Gloom, Boom, Doom Report, a newsletter.

“I don’t think (it’s about weaker prices). If the price had gone up, the argument would be SNB has to buy gold at an elevated level. Now the price is down they say it’s too volatile,” Faber said.

Guillermo Barba, a Mexican independent analyst and blogger at Inteligencia Financiera Global, or Global Financial Intelligence, says the negative sentiment from politicians is influencing voters.

“It’s bad propaganda’s fault. Opponents are scaring voters. Swiss bureaucrats are acting like lackeys of the American establishment,” he said.

“The current economic, financial and monetary situation in the world is terrible. Debts keep growing and growing, all major central banks including the Fed are still printing money like crazy and keeping artificially low interest rates,” Barba said. He predicts “a global mess.”

“When that happens, believe me you will want to have your gold as close to you as possible,” Barba said.

Gold proponents like Paul also say the inflation readings are bogus and that prices are rising sharply. “It depends on where you look. If you look at a government rigged CPI (consumer price index), you won’t see so much,” Paul says.

Despite the polls showing the Swiss referendum will be defeated, they’re still holding out a glimmer of hope.

“I don’t know whether you believe the polls or not, but we’ll find pretty soon,” Paul says.

Nick Elway
Nov 26, 2014 - 7:11pm
AUandAGbull silver66
Nov 26, 2014 - 8:26pm

@ silver66

You already own a lottery ticket and its name is silver :-)

Nov 26, 2014 - 8:29pm

@ mattheim

Damn Straight, and when it pays off momma is getting a new pair of shoes...


Nov 27, 2014 - 10:09am

Epic posts for weekend reading

Good morning Turdville. Well Craig is probably scrubbing bathroom fixtures and readying his home for the onslaught of relatives for the weekend, so why not give him a break. But we do require our daily reading material. Have you written an Epic Post in the past couple of years? Have you read one that you wanted to give a hundred hat tips? Well, somebody posted a link to a post by StevenBHorse the other day that I enjoyed reading immensely. And I had NOT seen it before.

I bet there are more epic posts we have not all seen, or need to re-read.

Just post a comment here with a link to an epic post from the past that we would all be well served to re-read or read for the first time. Yes, you can send me your own post—no shame in recognizing when you have produced a work of genius. What? 50+ hat tips to qualify? I’ll reprint the best ones in a Main street article by Saturday morning (links to all others as well) so we have something thoughtful to read and discuss over the weekend as we come out of our tryptophan induced stupors, and so Craig can have the weekend off.

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Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
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Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
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Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
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Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
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Key Economic Events Week of 7/22

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Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
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Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
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7/10 2:00 ET June FOMC minutes
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Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
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7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
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Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
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6/19 2:30 ET CGP presser
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