Thursday Conversation - Alasdair Macleod

39

We kick off our new weekly series with an old friend, Alasdair Macleod of GoldMoney. Be sure to give this a listen.

Ove the course of this discussion, Alasdair and I discuss:

  • the deepening trade war between the US and China
  • the link of a rising dollar with higher US interest rates
  • the long-term impacts if a global bond market selloff
  • the gradual move away from a strictly dollar-reserve system

I think you'll enjoy this new, weekly format. And thanks to Alasdair for his time and support. He was A2A guest #1 back in 2013 so it was a treat to have him be guest #1 for this series, too.

TF

  39 Comments

  Refresh
Oct 5, 2018 - 9:22am

meant to post this yesterday

Trump boards his backup Air Force One with toilet paper stuck to his shoe. <eye roll>

Thomas More
Oct 5, 2018 - 9:14am

and the algos seem confused

https://www.zerohedge.com/news/2018-10-05/vix-flash-crashes-stocks-pumpn...

whipsawing themselves around. As a Turdite you gotta love that kind of storyline.

Mickey
Oct 5, 2018 - 9:06am

Survey

Remember the entire report is a survey, a small sample, where bls and census workers at all levels can change whatever they can change whenever they want.

lakedweller2
Oct 5, 2018 - 9:03am

@mickey

Yes. 37%+ not in work force and I bet that is low as 3.7% unemployment means McDonalds is fully employed with some nuclear physicists in line for the next assistant manager.

edit: In reality, JPMorgan former trading desk people who have been replaced by algos.

Mickey
Oct 5, 2018 - 8:55am

Un employment rate calculation

when they play with numerators and denominators you can get desired results. Need to look at no longer in workforce

lakedweller2
Oct 5, 2018 - 8:45am
Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Mickey
Oct 5, 2018 - 8:41am
Oct 5, 2018 - 8:39am

A quick BLSBS summary from ZH

Payrolls at only 134,000 vs expectations of at least 185,000. Wages as expected.

https://www.zerohedge.com/news/2018-10-05/september-payrolls-miss-big-ju...

lakedweller2
Oct 5, 2018 - 8:38am

Q

What does she look like?

silver10sguy
Oct 5, 2018 - 7:24am

Q Posts Late Yesterday (Get Ready For the Fireworks)

Are you ready to see arrests?

Are you ready to see PAIN?

Are you ready to be part of history?

Q

DECLAS COMING?

NARRATIVE SHIFT IN FULL FORCE.

UK / AUS ASSISTED ROGUE ELEMENTS OF THE US GOV'T TO TAKE DOWN A DULY-ELECTED CANDIDATE/PRESIDENT.

Q

My own Q journey started around November or December 2017. I was curious after reading and watching You Tube videos from Q Anon researchers/detectives across the world. Q had to convince me over and over and over that Q was connected to President Trump and military intelligence. Finally around this summer after close to a 100 CONFIRMATIONS I was 100% convinced that Q was for REAL!!! Their plan has been long, detailed, and cleverly constructed to trick the Deep State into making many revelations along the way. Now it seems they are spilling the beans on one another in an attempt to survive. Very shortly we will see Brett Kavanaugh confirmed to the Supreme Court and then the declassification of documents will BLOW AWAY the propaganda, lies, and crimes that have subjected us for decades. NOW IT APPEARS THAT Q SAYS TO GET READY!

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Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

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