Eurodollar University

Upon its release the book was met with popular indifference.  And no wonder.  A cautionary tale about indulgence, extravagance and social upheaval?  Right into the racing heart of the Roaring Twentie…

Legendary figures took on the mantle of "Mail Carrier!" including: founding father Benjamin Franklin, Wells Fargo cowboys of the Pony Express, and nice guy Mr. McFeely from Mr. Rogers' Neighborhood. …

In the mid-80s parents allowed their children to watch an innocent-looking television program titled V thinking it was some kind of Sesame Street offshoot.  Imagine little Johnny and Suzy Q's horror …

We are informed by the financial press the agitated creation of reserves are, to capital market participants, a mix of whiskey and Felix Felicis; liquid courage and luck.  The first manifestation of …

It is often said that there is, "nothing new under the sun", and with a few exceptions (e.g. negative nominal interest rates, negatively priced oil, TikTok) that is true, even with a monetary gewgaw …

Will unlimited dollar swaps by the Federal Reserve solve the dollar shortage?  How does collateral shortage in the repo market affect, for example, equities?  Why does the gold price plunges when the…

Quantitative easing, like foie gras, is controversial.  The gavage-based production of duck and goose livers is considered cruel to the animal, gorged helplessly as it is in a pen.  Central banks lik…

In 1929 a plague struck Florida resulting in an overwhelming government response.  The consequences were not only agricultural but financial as banks, heavily exposed to the Sunshine State's horticul…

The Earl of the Eurodollar Jeff Snider (@JeffSnider_AIP), Chief Investment Officer at Alhambra Investments and Emil Kalinowski (@EmilKalinowski) discuss the four topics.

First, what happened this past…

Jeff Snider, Chief Investment Officer of Alhambra Investments and Baron of the Balance Sheet @JeffSnider_AIP and Emil Kalinowski, Not Hard on the Eyes @EmilKalinowski.

The World Trade Organization off…

We draw on five articles posted at Alhambra Investments to draw out the difference between a central bank - central to money supply - and a bank authority - central to a smooth functioning banking sy…

Jeff Snider, Alhambra Investments Chief Investment Officer (@JeffSnider_AIP) and Emil Kalinowski (@EmilKalinowski) review three topics.  We review three articles Jeff wrote this week, trying to expla…

This inaugural episode discusses the goal of building a collaborative, educational community to discuss the creation, destruction and redistribution of modern monetary formats throughout the global e…