Kontrarian Korner #7 - Tom Luongo
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- เผยแพร่เมื่อ 24 มิ.ย. 2024
- I had Tom Luongo on the podcast recently, and we got into a wide ranging discussion on markets, geopolitics, and current events. Tom went into detail on a bunch of topics, including:
- The Geopolitical Chess Board, and the different competing factions in power.
- The Federal Reserve, interest rates, and the path forward from here.
- Oil and other commodities.
- The 2024 Election: Biden, Trump’s VP pick, and other topics.
- Book Recommendation: Ubik by Philip K. Dick
Tom's Website: goldgoatsnguns.com
Tom's Twitter: x.com/TFL1728
My Substack: www.kontrariankorner.com
My Twitter: x.com/BR_Kelleran
"The British East India Company never ended". Very good observation Tom Luongo!
"We fought the wrong enemy." General George Patton
Great podcast and guest! Looking forward to more.
Hi Ben. You did Tom's 178 episode on ggng. I really gained a better understanding and vision of the oil market. Seeing the rigs and their size in my mind really helps, along with the timing of their contracts. Much appreciated you lining up with Tom back then. Please ask Tom to write a book on sofr and libor discovery its another mark in the story of your sofr libor with all its characters especially him personally having his theory continue to become history. Have a great week Ben !
Great job, you got some of the best so far, congrats
Of course, read Orwell.
Don't forget to hit like and help him out
🔥
will Kunstler be on tomorrow?
No, I haven't reached out to him yet. Hopefully I'll be able to have him on at some point.
I thought the same thing. Lol, I hope all 3 join like on TPC, my favs
Maybe this is a stupid question, but I don’t understand the concept; yellen wants the yield curve inverted and at the same time she issues mainly short term bonds?! Why would she want to pay higher interest on the treasuries she is issuing?
Because they are basically cash that counters the Feds attempts to tighten and floats things on a nominal basis. Further she thinks they can force the Fed toward the zero bound. And refi at lower rates. So she doesn't want to lock in at these higher rates.
The short version is that she's trying to force the Fed to cut rates. The long version is an hours long discussion and that's where I would redirect you to Tom and Gold Goats n' Guns.
if Powell wants the curve to un-invert by the long and rising, Wouldn’t that mean long-term debt is still very cheap from a borrower’s perspective?
In theory, yes. A lot of things can change based on what happens over the next couple years though.
Flynn
a decent percentage of gen x is borderline gnostic hippy who should've just wrote sci-fi....CCP propaganda ain't got nothing on the western shit....good talk though!
You should have 10000 subs. Great content
Appreciate the compliment but I just started recently. Long way to go but I feel good about my chances of getting there if I keep getting guests like Tom on.