Shows / Eurodollar University
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.
Episodes
Eurodollar UniversityWith 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…
Eurodollar UniversityThis 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…
Eurodollar UniversityThis 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…
Eurodollar UniversityThis 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…
Eurodollar UniversityShocking 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…
Eurodollar UniversityThe 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…
Eurodollar UniversityHuge, 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…
Eurodollar UniversityWhat 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…
Eurodollar UniversityThis 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…
Eurodollar UniversitySo-called lender of second-last resort has already begun preparing for the worst.
Yet another funding crisis indication comes to us in a report from Bloomberg. FHLB co-ops are issuing debt like we've never seen before in what can only mean…
Eurodollar UniversityThere really is serious systemic potential about Credit Suisse.
Another Sunday action by the Fed, this time less about regional US banks instead acknowledging major global (euro)dollar potential dysfunction. Some maybe a…
Eurodollar UniversitySevere consequences to expect months, weeks, even days ahead.
The deflationary outburst shook up the world and it is still spreading. Financial aftershocks are still being felt but the economic fallout hasn't even begun…
Eurodollar UniversityCollateral runs keep on coming and China chimes in with its own warning sign.
Why would anyone want to buy a T-bill from the government which didn't return anything? A zero interest loan to the feds makes no sense when you can get far…
Eurodollar UniversityThey say everything is fine/back to normal. We can clearly see it is not fine/nowhere near normal.
The ECB hiked its interest rate benchmarks today by 50 bps. Markets everywhere basically ignored it. What happened over the past week has already left serious…
Eurodollar UniversityMultiple markets now say the crisis has begun.
The curve shape we've been waiting for - and dreading - has finally shown up. This "bad steepening" indicates a 2008-style scenario is unfolding right now. Not…
Eurodollar UniversityThese key signals have rarely been seen before. This one is unprecedented.
We need to review the lessons of Bear Stearns and not just because it is the 15th anniversary of that firm's final day as an independent. The parallels go way…
Eurodollar UniversityMore shocking fallout as even bigger market swings reverberate around the world.
Friday's bond/rates markets moves were almost indescribable. Somehow today's were even bigger. What is going on isn't just about SVB, though looking into SVB…
Eurodollar UniversityWhat markets are telling us about potential for more bank runs and failures.
The real markets (not stocks) have been warning about ugliness for months. Now even the public can see it though policymakers and authorities will continue to…
Eurodollar UniversityA global buying panic in bonds triggered by more than a little panic-panic in the monetary system.
The payroll report was supposed to be today's sole topic. Instead, it was completely overshadowed first by a global bond buying panic sparked in Asia then…
Eurodollar UniversityBiggest warning sign yet.
If "inflation" has been such a killer, nowhere more so than for food, why wouldn't falling food prices be a welcome development? The answer is actually pretty…
Eurodollar UniversityJust what we've been warning you about.
All that financial volatility last September and October may have been the point of no return. Immediately after, curves swung from alarming to crazy. Now we…
Eurodollar UniversityThe last time Congress did something big about the Fed.
As the Great Inflation wore on into its second decade, even politicians in Congress knew it had something to do with failure at the Fed. Demanding answers, a…
Eurodollar UniversityWhat they're not telling you.
China reopening hype has been driven mostly by the mainstream media in the West. Recent developments pushed it to another level even though the entire time it…
Eurodollar UniversityThey've got it all wrong.
More reliable than the unemployment rate. Greater accuracy compared to payrolls. Forget Janet Yellen's bluster and misinterpreting all those Chinese PMIs…
Eurodollar UniversityThey say it's impossible.
Treasury Secretary Janet Yellen said recession isn't possible with the unemployment rate so low and hiring so robust. What she won't tell you is how little…
Eurodollar UniversityWho is still knocking at the Discount Window?
Between February and December, use of the Fed's primary credit soared to more than $10 billion. Who was using it and why? Several theories abound though none…
Eurodollar UniversityThis is a huge difference.
China's reopening isn't faltering, it's booming! Or is it? The Chinese government reported big PMI numbers for February, but what do these things actually…
Eurodollar University"Stupid slow."
More "hot" CPI data from Europe has renewed focus on rate hikes for what many are considering an unquenchably hot global economy. But a determined examination…
Eurodollar UniversityIs the world prepared for the European shock?
The ECB wants to leave no doubt about rate hikes and inflation risks. Markets have no doubt the ECB is serious about those, and even less doubt it is wrong to…
Eurodollar UniversityThey jumped the gun on the soft landing, just as markets predicted.
Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com…
Eurodollar UniversityWhat stocks are trying to tell us about.
Something big is happening in oil. A crucial physical commodity which actually does intersect with the real economy and it is totally blowing up the soft…
Eurodollar UniversityIt can't keep going like this.
Incomes are the key to the whole thing. While many keep claiming the economy is staying way too hot, this big miss shows you why it never once was and right…
Eurodollar UniversityWhy is no one paying attention to this collapse?
Global markets and curves are epically upset about something. What is it? A number of nasty macro scenarios are together the most obvious answer, hardly the…
Eurodollar UniversityBecause of the same shocking mistake every time.
Renewed Fed hawkishness along with resurgent macro optimism ("no landing") all of it based on payrolls, the unemployment rate, even retail sales. History…
Eurodollar UniversityThey're preparing for worse.
Amidst renewed optimism, growing confidence the recession risks have all be surmounted, the one company who knows better and should be really booming is not…
Eurodollar UniversityAnd we're still stuck in it - at the worst possible time
There was never a liquidity trap, just the lie about liquidity leaving us in 2023 facing the same destructive money trap. For ten years the Bank of Japan had…
Eurodollar UniversityYep, we're going to go there. We need to start taking the (many) comparisons seriously.
We always hesitate to use 2008 comparisons because history never repeats exactly. While there won't be another Lehman Brothers and no one is plagued by…
Eurodollar UniversitySeriously. Legit crashing around the one place that's supposed to be lifting us out of danger.
China reopening is said to be robust and inspiring, the stuff of soft landings even reignited "inflation." The evidence increasingly points instead to quite…
Eurodollar UniversityThe temperature just got turned way up.
What if the economy is the proverbial boiling frog? But rather than the temperature of the water in the pot increasing slowly all the time, it goes up and then…
Eurodollar UniversityThe shocking reason for rate hikes.
The unemployment rate since June has fallen a few tenths more than the already low number it started with. Payrolls have added millions in those seven months…
Eurodollar UniversityAlmost everyone missed it.
The fatal flaw is deeply embedded, even within the language we use to describe CPIs. We are wrongly led to believe consumer prices reflect the economy, when in…
Eurodollar UniversityWe really can't afford for this to fail.
China reopening, media rather than money blitz. Bank lending has been hyped though as usual the rest of the story - the important parts - get left out for the…
Eurodollar UniversityChina's balloons and the dead dollar.
If the dollar has lost 97% of its value, then why had the world prospered so much during that time when it did? The answer provides tremendous insight into…
Eurodollar UniversityIt was supposed to be getting better but they keep coming.
Interest rate Thunderdome. What appears to be the short end versus the long end, or the longer-term rates against the Fed, the continued surge in layoffs once…
Eurodollar UniversityGasoline causing problems again, but what kind?
Resurgent gasoline prices have some thinking about "transitory disinflation." That the improvement in consumer price pressures won't last because of the same…
Eurodollar UniversityHere comes the dreaded credit crunch.
Eurodollar University's Money & Macro Analysis SLOOS https://www.federalreserve.gov/data/sloos/sloos-202301.htm April 2008 FOMC Transcript…
Eurodollar UniversityMarkets right now are pricing the worst.
Eurodollar University's Money & Macro Analysis Stock & Watson; Has the Business Cycle Changed and Why? https://www.nber.org/papers/w9127 Bernanke; The Great…
Eurodollar UniversityOnce you can see it clearly, it's already too late.
Eurodollar University's Money & Macro Conversation, with Steve Van Metre Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university…
Eurodollar UniversityYou won't believe what they just reported.
Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com…
Eurodollar UniversityHistory is repeating. Again. And it can cost you big.
Eurodollar University's Money & Macro Analysis Dow, S&P break records; CNN https://money.cnn.com/2007/10/09/markets/markets_0500/ Fed explains the big rate…
Eurodollar UniversityThis wasn't just expected, it has been practically inevitable.
Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com…
Eurodollar UniversityYou won't believe what is really behind the Fed's rate hikes & inflation rhetoric.
Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com…
Eurodollar UniversityIt's a really bad sign for everyone. Just don't call it unexpected.
Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com…
Eurodollar UniversityThis is what always happens before falling through the floor.
Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com…
Eurodollar UniversityTime has run out and there's no escaping what's next.
Eurodollar University's Money & Macro Analysis Near Term Forward Spread Data https://www.neartermforwardspread.com/ Twitter: https://twitter.com/JeffSnider_AIP…
Eurodollar UniversityWill gridlock in Washington spill over?
Eurodollar University's Money & Macro Analysis FOMC May 1997 Meeting Presentation Materials…
Eurodollar UniversityNo longer a question of "if" or even "when", instead "how long" and "how bad."
Eurodollar University's Money & Macro Analysis https://newsroom.spotify.com/2023-01-23/an-update-on-january-2023-organizational-changes/…
Eurodollar UniversityThey always get it wrong. This time is no different and here's the proof.
Eurodollar University's Weekly, featuring Steve Van Metre Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university…
Eurodollar UniversityIf it is, what does that even mean?
Eurodollar University's Money & Macro Analysis They're All Symptoms of the Same Dollar Disease…
Eurodollar UniversityWhen feces and fan blades come into contact, it's going to get real messy.
Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com…