Latest / Eurodollar University
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 recession. Not just US banks or US markets, here we examine European markets and forward rates and what those mean. SPOILER: the same things.
Eurodollar University's Money & Macro Analysis
Semiannual Monetary Policy Report to the Congress; Chairman Jerome H. Powell; July 17, 2018
https://www.federalreserve.gov/newsevents/testimony/powell20180717a.htm
Benati & Goodhart: Investigating time-variation in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.