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Thursday Conversation - Rob Kirby

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Our old pal Rob Kirby is back on his feet and ready to take on 2020. The year is off to a wild start and it's only going to get more crazy as things progress so please be sure to give this podcast a thorough listen this weekend.

To deal with the ongoing madness, you need as many trustworthy and objective sources of information as possible. You'll be able to find this at Kirby Analytics and I encourage you to check out all that Rob provides through his service: https://www.kirbyanalytics.com

As usual with these Thursday Conversations, we try to limit the discussion to three primary points. For this week, I ask Rob to address:

  • the changes since we last spoke in August, specifically the REPO & Liquidity Crisis
  • how The Fed will respond to growing economic and monetary pressures in 2020
  • the reports of $21T in unaccounted U.S. government spending over the past two decades

But, as usual, this conversation is not limited to just the points above. So please be sure to carve out some time this weekend in order to give it a listen.

Thanks again to Rob for sharing his time and insights!

TF

  155 Comments

AgAuMan
Jan 31, 2020 - 3:32pm

gold

gold

bullion only
Jan 31, 2020 - 3:53pm

Hello colloidal silver

Second maybe ?

Harley
Jan 31, 2020 - 4:00pm

3rd

Rob Kirby is awesome!
Thanks so much Craig!

AGXIIK
Jan 31, 2020 - 4:17pm

I LIKE THIS GUY

He talks like us. A puddle of FIAT on the floor. Look for the Fed dog.

FIAT currency printed at interest. What's the vig? Mob talk

Dark money? $21 trillion. $35 trillion?

Mo money Mo money.

PS Alex Azar just reported that no one is allowed into the US from China. Delta and American have cancelled all flights to and from China.

Wait'll the orders say no one from any country where there's an outbreak can come to the US.

Now you'se can't leave

DOW down 600 at the close. Gold up $15.50,

Money for nothing and the checks are free.

At what interest rate?

How much interest imputed to that wall of FIAT cash.

What's the frequency of the effing vig, Kenneth?

My prediction for the Super Bowl. Not the winner of the game. My prediction for gold and the market Monday Feb 3

The weekend reality of the Chinese CV FUBAR will pierce the SB LIV nachos and beer coma

Markets will open to a huge fear factor liquidation sell off.

People will freak out. Sell everything. Stawks. Bunds.

Market STB. ESF can't do squat

What to buy? Gold, more Gold, more Silver.

What will 2 days bring? We don't know but the world can change in 48 hours

China might go full retard and so something really stupid

Be prepared. Keep stackin'

Ned Braden
Jan 31, 2020 - 4:18pm

Rob K

"Which dog left the mess". Ha ha

NUGTCALL
Jan 31, 2020 - 4:26pm

Gold

Weekly close above 1580. Fuck off bankers. See you at 1650-1700. May you get quarantined 😎

canary
Jan 31, 2020 - 4:35pm

Stronger immune system?...Here's my recommendation

Take a hot and (max) cold showers daily.

One minute hot, followed by one minute cold shower...Do it six times (or more, if you enjoy it).

goldcom
Jan 31, 2020 - 4:37pm

Glad to have Rob here

It would have been a tragedy had Rob not made it through his fight for his life. His perspective and indepth knowledge of the crooks and crannies of just how corrupt the system is, is above most all that report on such things.

Though some of what he discusses is conjecture he backs it up with an understandable trail of connecting the dots.

Thanks for having Rob on again

Blackwatersailor
Jan 31, 2020 - 5:16pm

Critical Update

Why The White House Just Declared A National Health Emergency
matt_
Jan 31, 2020 - 5:16pm

Ye Olde interest rate charts

I went back and updated my old treasury yield charts. The 10 year rate has been slammed back down below the decades long trend line:

The 2 year yield was rising exponentially in this channel on the semi-log plot:

Now, it has clearly broken down. The 10-2 year yield curve remains very low:

Indicating a recession is coming up. As a certified internet troll with no economic training, I think all this means the system is breaking down. Things really started to break down in 2018 when those trend lines were broken. The market is highly overvalued, both stocks and bonds. Food, oil, and gray-colored metals are about the only things underpriced right now.

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

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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

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