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
Warren Buffett didn't just make shocking comments on banking system, he's already acting on them.
This week was a wild one, including how during it legendary investor Warren Buffett said he was selling bank stocks because there were more failures still to come. While depositors won't see any loss…
Startling statement reveals far worse danger than just a recession.
First they said it was a growth scare. They told us to ignore inversions. Then they pointed to the unemployment rate and said there's no way we could have a recession. Now they admit there will be a …
More big trouble in global money system together with US CPI numbers. Major fallout continues.
Just as the interest rate swap market had indicated, big collateral scarcity as 4w Tbill rates yesterday plummeted. Also, Japanese bills for more confirmation. Add those to the US CPI results for Mar…
Huge moves in key spreads, massive problems as authorities begin to admit there's real danger.
Alarming compression of interest rate swap spreads indicate more systemic issues in global balance sheet capacities and collateral, too. Also, the IMF reported on its World Economic Outlook where it …
New data gives us badly needed details behind bank shock/crisis. What it means moving forward.
The Federal Reserve's H.8 data on US commercial banks shows just how much of a systemic shock the March seasonal bottleneck had produced. Institutions got hit with historic levels of deposit declines…
Probabilities have rarely ever been this high. This is why.
Markets are pricing an imminent and sharp drop for interest rates. It's not just about the Fed and rate cuts. But with regard to those, history shows the so-called reaction function flips decidedly w…
They can no longer deny the devastating effects of this crisis.
For all its bluster, the Federal Reserve very nearly paused its rate hikes last month for obvious reasons. Other central banks already have - two this week - which doesn't bode well for anyone. Anoth…
Almost a month later and the situation is deteriorating rapidly.
More extreme hedging swept global markets in morning trading, including another serious collateral run. As it did, curves have been distorted to an even more concerning degree than they had been when…
Huge moves today all over the place and the reasons why.
The one thing missing so far from the 2008-style scenario - mass layoffs - hinges entirely on whether businesses believe they can hold out for a second half rebound. As the weeks even days go by, thi…
Massive fallout US, China, global economy not to mention banking for the rest of this year.
Led by Saudi Arabia, OPEC announced a surprising round of substantial and "voluntary" production cuts to combat sagging (not surging) crude oil prices. In doing so, the group confirmed every negative…
Real reason markets are betting more and more Fed is wrong and will be cutting rates very soon.
China's reopening just might be the last gasp, the final chance to escape the dreaded 2008-style scenario. If it fails, there is nothing left for the world to pin its hopes on. Examining the latest d…
With crisis still raging and fallout still on the horizon, will they get away with this?
Watch Jeff get really fired up over the Federal Reserve Vice Chair Michael Barr's refusal to answer questions about the "central bank's" tools even as he sought more authority from the government to …
This current crisis is the last piece to fall into place not the first one in the puzzle.
The 2008-style scenario requires two parts - bad money and bad economy. We can now more easily see the first of those even if many will refuse to admit it. How about the other? That one isn't hard to…
This crisis has a very long way to go and this right here is the reason why.
Maybe Governor Bailey was a little too honest when trying to downplay the current situation, confessing to "very heightened tensions." But what are these tensions and why have they heightened? The an…
This is how we know the next stage of the crisis has shown up.
Officials, regulators, politicians will all claim you and I are the problem. They'll begin to tell us bank panics happen because of misinformation and overly emotional depositors. Examples from the r…
Shocking data shows there is much more to the story than Credit Suisse or Deutsche Bank.
European banks find themselves back in the crosshairs of global monetary deflation, on both the receiving end and the giving end. Deutsche Bank's balance sheet offers a few clues as does the ECB's BL…
The government is in a panic over the bank crisis to tell you not to panic over the bank crisis.
Jeff and Steve speculate on why Treasury Secretary Janet Yellen called an unscheduled meeting of the Financial Stability Oversight Committee Friday. Was it to congratulate its members for stability a…
Huge, historic moves keep rocking the global systems as governments start to panic.
More huge moves in markets as the Fed releases yet more crisis-level data. Treasury bill auctions continue to pile on huge demand, surging prices and plummeting even zero yields. Repo fails jumped an…
What is the 2008 trap and how do we avoid it?
Jay Powell's press conference yesterday acknowledged both parts of the 2008-style scenario present right now. But like his 2008 predecessors, he is once again falling into the same trap thinking this…
This next move is going to be their last - and they know it even if they aren't ready to admit it.
The Fed hiked rates, no surprise, even raised consumer price forecasts and the infamous dot plots. Markets, no surprise, did not buy it one bit. there continues to be way too much which reminds us of…