Eurodollar University

On December 1, 2021 the Eurodollar Futures yield curve inverted by a single basis point, which set off recession warning sirens, claxons and clucking at Eurodollar University. Now? The curve is 120 b…

The US Treasury yield curve continues to spread and has reached the 52-week bill. The Fed is being told by the market it will be CUTTING rates, soon.

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RealClear Markets Essay…

Foreign institutions have been merrily losing money on US Treasury holdings for years, buying high and selling low - are they insane? No, their investment behavior reveals that these bonds are used f…

The Economist recounts how the pandemic led to a goods-consumption-boom and whether post-pandemic economics means normalization, or a services boom or a recession.

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Could a s…

The Economist admits to, warns of and draws attention to Britain's 15-year economic depression, labeling it a "slow-burning crisis", "long-standing", "stagnation nation" and "a chronic disease". Ther…

The US labor market offers both optimistic and pessimistic data points regarding the economic outlook. Does the value of the US dollar break the tie? How do sovereign bond yields in Europe fit into t…

Steven Van Metre and Jeff Snider have partnered together to bring financial information, investment advice and monetary education to the public.

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Steve Van Metre: http://www.…

The Federal Reserve Bank of New York is forecasting the median result of its model predicts negative output growth in 2022 and 2023.

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Sorry Chairman Powell, Even FRBNY Now Ha…

A comprehensive report by the Federal Reserve - the Financial Accounts of the US - reveals that there has been no material change in rate of money creation. Not in the US (on par with an incrementall…

Japanese and German trade data suggest the world is suffering through a price illusion: trade value is up because prices are up but actual trade by volume / trade by weight is falling (at least in Ge…

The latest purchasing manager surveys (services, manufacturing, composite) and manufacturing index (Kansas City Fed) suggest the United States is heading towards a recession, soon (maybe already?).

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How does a former bank trader with billions of euros in assets react to an impending recession? Is the inflection in bond yields (back down) and prices (back up) starting right now? Did the European …

Jeff Snider explains how the global currency and monetary systems actually work, the origins of the Eurodollar system, Triffin’s Paradox and the breakdown of the Bretton Woods System, the stampede to…

One day prior to the Federal Reserve raising its policy rate by a *bananas* big 75-basis point the Eurodollar Futures market moved its yield curve inversion into the next four quarters. As fast as th…

The pinnacle of investigative, introspective financial journalism assembled in front of the Federal Reserve chairman on June 15, 2022 and asked him... questions? Hardly. Weak sauce. In this episode J…

Jeff Snider reacts live to Jay Powell's June 15, 2022 opening statement to assembled members of the press regarding the Federal Reserve's 75-basis point rate hike to the Federal Funds target range: t…

The Crash of 1907 'convinced' Washington DC that a central bank was needed. Or, perhaps more likely, the Crash of 1907 was used as an excuse for a national central bank.

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The…

We are told that Paul Volcker led the Federal Reserve into the breech and bravely and knowingly raised short-term interest rates so as to bring about a recession and extinguish the 1970s Great Inflat…

US consumer prices rose 8.6% year-over-year for the month of May 2022, says the US Bureau of Labor Statistics. Economists, financial media and central banks implicitly conflate this price expansion w…

Pine-Richland High School won a 120+ team international competition debating whether the dollar's hegemony is detrimental. Pine-Richland won due to their preparation, perspiration, inspiration... and…