Eurodollar University

The new guy at the RBI said he wasn't going to interfere with the rupee as much as his predecessor. Apparently, the dollar has left him with little choice. It’s the fundamentals that matter. And even…

European banks are surging into safety, buying the third most on record in January. At the same time, they scaled back activities in the real economy expecting further deterioration. Their behavior a…

Why now? After teasing a bank recapitalization plan as part of last year's "bazooka", the CCP did nothing about it over the five months since raising the matter. Total silence. Now, all of a sudden, …

If you are in any way interested in precious metals, check out what today's video sponsor, Monetary Metals, is doing with them at the link below:
 http://www.monetary-metals.com/Snider/

Rates are down …

Is there trouble brewing in the AI bubble? A report came out earlier today that Microsoft was scaling back its investments, one the company denied. Its substance, however, aligns with everything else…

If you are in any way interested in precious metals, check out what today's video sponsor, Monetary Metals, is doing with them at the link below:
 http://www.monetary-metals.com/Snider/

Walmart the lat…

A tinderbox waiting to explode? When spreads are this low, and complacency this high, that means everyone is on one side the market. Not because they want to be, they have to be. And they all believe…

WTF!? This really better be a stunt or a bad joke because if it's not then we're faced with more bad economics. This proposal is exactly the SH&% that is supposed to be ending. The government wouldn'…

The last central bank finally gives in to reality, joining the rate cutting cycle in one final blow to higher for longer. This brings RBA closer to its neighbor RBNZ even though, on the surface, the …

The poor economy brought down Germany's government. With the election looming on Sunday, attention turns to who will take over. The inconvenient truth, for the economy, is that it doesn't matter. The…

Warren Buffett continues to sell stocks. But it's not just disposing of stocks, which ones. At the same time, even Wall Street is beginning to take note of the dangers over dramatic complacency in ri…

From the outside, everything that could have gone wrong for bonds did. CPI. PPI. Auctions. Hawks. You name it. Despite all that, what bond yields did instead points to deeper fundamentals that are ne…

Amazon warned the start of 2025 was rough, and boy was it. Government data on consumer spending as well goods production came in exactly that way. And while extreme winter weather played a role in ea…

India has suffered a major currency drop, serious interbank liquidity problems, one of the largest central bank FX interventions in its history, a stock rout, and, for good measure, the third of thre…

Shocker of a CPI report; or was it? The bigger shock came afterward when Chevron stunned with its massive shake-up. At the same time - and for the same reasons - the oil market is undergoing a dramat…

We're finding more and more evidence in 2025 that escaping the economy of the past few years won't be so easy and neat as many were hoping. The golden arches reported their worst sales estimates for …

Auto exports out of Mexico plunged in January. While bad news for the struggling Mexican economy, this is more evidence for the growing global backlash of which the car business is right in the middl…

Mexico is now the latest to accelerate, upping its ante as the situation reaches a critical turning point. It's been coming for a long time, yet central bankers worldwide now have a convenient excuse…

Complete mess. Payrolls revised massively lower. The govt discovers three million people and assumes two million were employed this whole time. More important than those, hours are shrinking to the p…

A major shift is underway now at the Bank of England. After being among the most cautious central banks it is being forced more to the dovish side. Even one of the most arch-hawks in all global centr…