Eurodollar University
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.
- Update frequency
- every day
- Average duration
- 23 minutes
- Episodes
- 1183
- Years Active
- 2020 - 2025
Another crucial milestone you shouldn't miss.
Inflation pressures are disappearing as deflation and recession conditions continue to take over. The Federal Reserve won't be able to keep up its interest rate stance for very long.
The 5-year TIPS …
Credit crunch is spreading throughout Europe, already reaching deflationary crisis proportions.
Oil can't catch a sustained bid, too easily falling right back into contango. With the US debt ceiling agreement (in principle), rates markets worldwide can now go back to their regularly scheduled a…
It's the incomes, stupid.
Everyone loves GDP including the government agency which calculates it. Even so, GDI has been a more useful signal for cyclical changes, particularly peaks. Last week's GDP update included the first …
Why it is always the government for these things.
Structural inflation or something else. To mainstream Economists, consumer prices are being driven by structural forces such as demographics, oil production, and, of course, government. As Ronald Coa…
An escalating series of monetary tremors still shaking the eurodollar's world.
Trying to figure out the state of the economy and monetary system by looking backward through consumer price estimates is, well, backward. To understand where we're going, we have to look forward by …
It is going to get a lot worse before any chance of getting better.
German GDP revisions show the country already mired in recession despite the government's assurances there wouldn't be one. And to reemphasize the global nature of the deflationary setback, US corpor…
Why there is so much near-certainty about the worst case.
The deflationary wave sweeping the global system isn't one thing or another, it is becoming all the things everywhere. That's what makes such a compelling case for the worst case, a deflationary rece…
Supply cuts just can't keep up with banking crisis, recession, and now unleashed dollar "bull."
Saudi Arabia's oil minister implicitly threatened more action from OPEC due to "low" prices and growing short positions betting against supply constraints. Demand is increasingly dire and not just fo…
Proving once again it's the Euro$'s world. When it goes bad, there's nothing to do but lie.
The LIBOR scandal won't go away because it hasn't been properly identified. Govts and officials have alleged it was banks who misbehaved when all along it may have been authorities. Why did they get …
With deposits still falling, govt/Wall St trying desperately to figure out what to do.
Treasury Secretary Yellen held talks with major Wall Street CEOs and bank advisors, raising the subject of further bank mergers. Though that part of the discussion wasn't in the official readout, it …
Banks disclosed the "trigger for systemic risk" as they see it from the inside. It's not rate hikes.
Everyone remotely familiar with banking over the last few years knows there's systemic risk and it starts with commercial real estate (CRE). The Fed's very own Financial Stability Report for May 2023…
The dollar isn't crashing, it is surging again and at the worst time.
WTI futures curve moved further in contango, now joined by another major milestone for the dollar bull-ying its way across Asia. China's yuan has slumped substantially, today falling well below 7 to …
Crude flips again just as retailers warn and business sales drop.
The expression "slowly at first, then all at once" can describe an economy's descent into nasty recession. There are warning signs all over starting with WTI back in contango. Major retailers have no…
Huge misses, weakness across-the-board show immediate, severe fallout from banking/credit crisis.
China's reopening is dead and buried. The country's government reported truly sobering economic data that proved beyond any doubt there is nothing left to it. Worse, much of that same data showed the…
Shocking reasons these crucial indications are down so much. Way beyond 2008.
Forward rates and forward rate spreads have substantially deteriorated since March. They were already more inverted than at any time in 2007 leading up to 2008. How could they be so much worse in 202…
May reports show consumers, small businesses facing big trouble.
Consumer confidence fell sharply in two recent surveys, as recession fears and banking woes deepen rather than fade. Small businesses facing the same pressures are beginning to crack, too, as the ini…
They keep pushing rate hikes and short sellers as reason for bank woes when can see it's not.
Because so many of us focus so much on US banks, and US banks are making it easy to do this, it's also easy to lose sight of the fact this crisis is far from limited to the United States and a few of…
We have a very good - better than very good - idea where all this is going.
As expected, not only is another bank in danger of failing, they're blaming short sellers for it. Jamie Dimon made the ridiculous comments today as major market swings leave little doubt where all th…
The problem isn't just bank failures. What is causing them and what it is going to do.
Deflationary money leads to a deflationary economy which has to be disinflationary first. We keep getting "anomalies" in the monetary system (interest rate swaps and collateral) including another one…
Big global problems behind lower oil prices, from US banks to the total wipeout in China.
The Chinese reported renewed declines for their imports, including a big one in crude oil. When OPEC announced production cuts, they could see China wasn't living up to reopening hype and the latest …