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

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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

Google Hiring

  Image cannot be displayed

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.

  Image cannot be displayed

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
human organism...ex-canary
Apr 2, 2018 - 10:13am

Miners looking good this morning...

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

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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.

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Key Economic Events Week of 3/1

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Key Economic Events Week of 2/1

2/1 9:45 ET Markit Manu PMI
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2/3 8:15 ET ADP employment report
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Key Economic Events Week of 1/25

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1/14 8:30 ET Import price index
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Key Economic Events Week of 1/4

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1/5 Georgia U.S. Senate election
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1/6 8:15 ET ADP Employment Report
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1/6 2:00 ET December FOMC minutes
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Key Economic Events Week of 12/21

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12/23 8:30 ET Core Inflation

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