Hippity-Hoppity, Jackass On His Way

130

For your holiday weekend listening pleasure, here's 75 minutes of fresh Jackass, recorded yesterday in our A2A webinar format.

Among the items discussed over the course of the event:

  • the long-term significance of yuan-denominated crude oil futures
  • Fed policy and long-term interest rates
  • the US trade deficit and its impact
  • the possibility/likelihood of a Russian "silver ruble"
  • what impact de-dollarization may have upon US expats living abroad
  • the definition of the term "global reset"
  • and much, much more!

Thanks again to The Jackass for volunteering his time and sharing his wisdom.

TF

  130 Comments

  Refresh
lund175CC Horses
Apr 2, 2018 - 11:47am

Maybe China & Deutsche Bank

Maybe China will save the day with DB.

' Just read the red state took a stake in the sinking ship

To cover their derivatives?

lund175CC Horses
Apr 2, 2018 - 11:47am

Maybe China & Deutsche Bank

Maybe China will save the day with DB.

' Just read the red state took a stake in the sinking ship

To cover their derivatives?

CC Horses
Apr 2, 2018 - 11:26am
CC Horses
Apr 2, 2018 - 11:01am

Forest City Brewery aims to make pricey beer with gold

Forest City Brewery has a special beer in the works that will be brewed with gold, but if you want to try it it's going to cost you.

https://www.cleveland.com/entertainment/index.ssf/2018/04/forest_city_br...

CC Horses
Apr 2, 2018 - 10:31am

2008 Redux-Cubed

If Deutsche Bank collapses, it will set off a catastrophic chain reaction of counter-party defaults. This would be similar to what occurred in 2008 when AIG defaulted on counter-party derivative liabilities in which Goldman Sachs was the counter-party. While it’s impossible to prove without access to the inside books at DB and at the ECB, I believe the primary driver behind the LIBOR-OIS rate spread reflects a growing reluctance by banks to lend to other banks for a duration longer than overnight. This reluctance is derived from growing fear of DB’s deteriorating financial condition, as reflected by its stock price.

https://investmentresearchdynamics.com/2008-redux-cubed-at-least-cubed/

Mickey
Apr 2, 2018 - 10:29am

agree Matt

Mine is in process-I have 3 LLC's, I sold real estate, several K-1's, contributions plus property contributed,

however, I get screwed by the new law which limits state taxes and bring in a 24k std deduction and I lose the personal exemption like others.

our leaders are dumb fucks.

The 2013 obamacare taxes were supposed to raise 250 billion a year mostly higher income taxpayers. There was never an accounting for that

thats the beautiful thing going for politicians-they are not accountable.

Apr 2, 2018 - 10:23am
canary
Apr 2, 2018 - 10:13am

Miners looking good this morning...

.....knocking on my wooden desk...

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

matt_
Apr 2, 2018 - 9:53am

Just finished my taxes

...and as always ended in a fight with my wife. It isn't anything she did. I'm just a very grumpy SOB.

My tax return is 57 pages long. I had to report $1.71 of income in one account, and $1.89 income in another account. I paid taxes in Canada. The forms ask you to answer all kinds of weird questions targeted at various groups that have gotten tax breaks (No, I didn't become blind in 2017, No, I didn't receive Nazi persecution payments, No, I didn't sell mineral rights on land I own). It is such a waste of time and money.

billhilly
Apr 2, 2018 - 9:23am

from ZH...

Monday, April 2

  • 09:45 AM Markit Flash US manufacturing PMI, March final (consensus 55.7, last 55.7)
  • 10:00 AM ISM manufacturing, March (GS 59.0, consensus 60.0, last 60.8): We estimate the ISM manufacturing index fell 1.8pt to 59.0 in the March report. Regional manufacturing surveys deteriorated on net in March, and much of the weakness was pronounced in mid-to-late month surveys. Our manufacturing survey tracker—which is scaled to the ISM index—declined 1.6pt to 58.4.
  • 10:00 AM Construction spending, February (GS +0.6%, consensus +0.4%, last flat): We estimate construction spending increased 0.6% in February, following an unchanged reading in January that reflected firmer public nonresidential and private residential construction primarily offset by weaker private nonresidential and public residential construction.
  • 06:00 PM Minneapolis Fed President Kashkari (FOMC non-voter) speaks: Minneapolis Fed President Neel Kashkari will hold a town hall on monetary policy and the economy with university students in Duluth, Minnesota. Audience Q&A is expected.

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 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

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Forum Discussion