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 UniversityWhat Mohamed EL-ERIAN got SO wrong about the Economy [Eurodollar University, Ep. 193]
Mohamed El-Erian appeared on Hidden Forces, a great podcast by Demitri Kofinas. But instead of challenging consensus narratives or thinking critically about…
Eurodollar UniversityInterview with Anne Stevenson-Yang on China [Eurodollar University, Ep. 192]
Anne Stevenson-Yang has been living in, writing about and/or focusing her work on China for more than 35 years. We discuss: employment not being a bureaucrat's…
- Eurodollar University
Central Banking Myths Debunked [Guest Appearance, Ep. 191]
Jeff Snider & Emil Kalinowski dive into debunking central banking myths, explaining the effects of the past on our current time, and more in this November 2021…
Eurodollar UniversityTreasury Int'l. Capital Data Review, December 2021 [Eurodollar University, Ep. 190]
A collateral call in Belgium! Foreign officials are selling US Treasuries! American banks extending less credit to the rest of the world! Japan borrowing more!…
Eurodollar UniversityConsumer Inflation Expectations... Falling?! [Eurodollar University, Ep. 189]
Consumer inflation expectations peaked in October/November 2021, according to the Federal Reserve Bank of New York's Survey of Consumer Expectations. Market…
Eurodollar UniversityEurodollar Curve Inversion Deepens, Broadens [Eurodollar University, Ep. 188]
Caution! Ignore this market warning at your peril. The Eurodollar futures market inversion had deepened and broadened. Eurodollar yields inverted before, for…
Eurodollar UniversityFed says QE is Really Very Super Extra Terrific [Eurodollar University, Ep. 187]
The US government bond market appears to be out of step with CPI, a booming economy and money printing by central banks - what gives? We review two Federal…
Eurodollar UniversityFinancial Times says Fed is Central - We Disagree [Eurodollar University, Ep. 186]
Journalists Kate Duguid and Eric Platt explain that US government bond markets believe the Federal Reserve will be able to tame inflation. Actually bond…
Eurodollar UniversityChina's HUGE Trade Surpluses Mask Capital Outflows [Eurodollar University, Ep. 185]
China's 2021 trade surpluses were gigantic, so why isn't the yuan surging too? We review China's 2014-21 trade and currency experience from the perspective of…
Eurodollar UniversityFlattest Yield Curve is Warning Off Fed [Eurodollar University, Ep. 184]
After Today’s FOMC, Yield Curve Is Already As Flat As It Was In Mar ’18 **Without A Single Rate Hike Yet**…
Eurodollar UniversityOil, Bitcoin & Treasury Inflation Protected Securities Update [Eurodollar University, Ep 183]
Oil prices are up and so you would expect that Treasury Inflation Protected Security breakevens (inflation expectations) are ALSO up... but they are not. Like…
Eurodollar UniversityRetail Inventory Stockpile Surges in USA [Eurodollar University, Ep. 182]
Retail inventory grew at a tremendous pace month-over-month in December 2021 in America. Overall inventory growth was so strong that it contributed…
Eurodollar UniversityEurodollar Futures & Treasury Yield Curve Update [Eurodollar University, Ep. 181]
The Eurodollar futures curve inverted in December 2021 - what has it done since? Also, how to interpret the US Treasury yield curve in "three easy steps!"…
Eurodollar UniversityWhy Mass Formation Psychosis? [Eurodollar University, Ep. 180]
PART 1: Inflation @ 7% but... PART 2: Bonds Losing Value - Worst in 2 Years! - but... PART 3: Year 15 of Mass Formation Psychosis (We Explain Why) None of the…
Eurodollar UniversityIrrational Exuberance, Again? [Eurodollar University, Ep. 179]
Alan Greenspan warned in 1996 we would not know if stocks were irrational because we could not know how much money was in the economy. Also, wages are rising -…
Eurodollar UniversityThe Houdini of Macroeconomics Escapes Inflation Box [Eurodollar University, Ep. 178]
PART 01: The Fed has to taper faster because consumer prices (i.e. motor fuel, automobiles) rose faster than it expected. It didn't have the moxie to stare…
Eurodollar UniversityEurodollar Warning Confirmed(?) by USA GER JPN & CHN [Eurodollar University, Ep. 177]
PART 01: The Eurodollar futures curve inverted on December 1st - what's happened since? Also, does the American, German and Japanese sovereign bond market…
Eurodollar UniversityReading The Fed Guy: Mechanics of a Devaluation [Macropiece Theater, Ep. 176]
The inflationary process is in its early stages, and it will be particularly strong because it arises in part from a devaluation of the world’s reserve…
Eurodollar UniversityInversion [Eurodollar University, Ep. 175]
PART 01: You've heard that when the US Treasury yield curve inverts it is a recession warning for the United States. What about when the Eurodollar futures…
Eurodollar UniversityReading Mises: Economic Consequences of Cheap Money [Macropiece Theater, Ep. 174]
What does an expansionist monetary policy produce? Is it wise to lower the rate of interest so as to encourage economic activity? The classic text, by Ludwig…
Eurodollar UniversityReading Frances Coppola: Central Banks Can Fight Climate Change [Macropiece Theater, Ep. 173]
Corporate QE amounts to a subsidy to large corporations, corporations that use the money to buy back shares and give big bonuses to executives. It would be far…
Eurodollar UniversityReading Dr. Pippa Malmgren: WW3 Has Already Started [Macropiece Theater, Ep. 172]
An uncomfortable truth: WWIII is not on the horizon, it is here. Militaries around the world are in a state of high-alert. “Sub-threshold" events are occurring…
Eurodollar UniversityReading Matt Stoller: Economists label Cattle Ranchers "Emotional", then Defend Beef Monopoly [Macropiece Theater, Ep. 171]
Agricultural economists manipulated data to block Congress from acting on high beef prices and the destruction of independent cattle ranching. Why? Because…
Eurodollar UniversityReading Adam Tooze: Global Food Price (Crisis?) [Macropiece Theater, Ep. 170]
According to the FAO Food Price Index, the cost of food has surged in real terms to levels last seen in the 1970s - during the Great Inflation. But another…
Eurodollar UniversityReading Allison Fedirka: Fertilizers & Food Insecurity [Macropiece Theater, Ep. 169]
Fertilizer is a critical input to global food production but circumstances have conspired to throw a spanner into the food supply chain works. The supply and…
Eurodollar UniversityRed or Blue Pill? Bonds say Powell will opt for Blue [Eurodollar University, Ep. 168]
PART 01: Jay Powell has been nominated by President Biden to serve another term as the Federal Reserve chair. Though his nomination has not even been heard by…
Eurodollar UniversityReading the BIS: Bottlenecks & Macro Implications [Ep. 167, Macropiece Theater]
The Bank for International Settlements observes that bottlenecks in the supply of commodities, intermediate goods and freight transport have given rise to…
Eurodollar UniversityReading Matt Stoller: Will Monopolies Steal the Infrastructure Money? [Ep. 166, Macropiece Theater]
We are now in a giant parking lot game that threatens the global economy. Thank deregulation and the Ocean Shipping Reform Act of 1998. A reading, by Emil…
Eurodollar UniversityReading Singapore Bullion Market Assoc.: Silver to the Stratosphere [Ep. 165, Macropiece Theater]
Silver's decade ahead maybe a perfect storm of demand for government-mandated green investment and of inflation by government-enforced financial repression…
Eurodollar UniversityApplying Lipstick to the Hog [Eurodollar University, Ep. 164]
PART 01: America's September 2021 Treasury International Capital data corroborates dis/deflationary indications observed across various sources, the vast…
Eurodollar UniversityReading Adam Tooze: Populist Money, Back Then and Right Now [Ep. 163, Macropiece Theater]
In 1896 a great political battle erupted over monetary policy in the United States. That battle and its lessons are relevant today. A reading, by Emil…
Eurodollar UniversityReading Jeff Snider: The Wage/Economy Illusion [Ep. 162, Macropiece Theater]
China's imports of iron value is soaring, which signals a booming economy. A closer look reveals that it is iron prices which are soaring but volume - the real…
Eurodollar UniversityReading Jeff Snider: Trade Price Boom hides Trade Volume Bust [Ep. 161, Macropiece Theater]
Trade appears to be booming in Germany and China, but a closer look reveals that the gains are concentrated in "price" and when we isolate "volume" of goods…
Eurodollar UniversityInterviewing Russell Napier: What the Asian Financial Crisis Wrought [Ep. 160]
Author, reformed lawyer, economic historian and your man from Belfast, Russell Napier, explains why the 1995-98 Asian Financial Crisis set the stage for the…
Eurodollar UniversityInterviewing Prof. Williamson: Are Gas Prices High? [Eurodollar University, Ep. 159]
An interview with Professor Samuel Williamson, economic historian and co-founder of MeasuringWorth.com, discusses gas prices in 2021 and whether they are high…
Eurodollar UniversityReading Rohan Grey: Money is an Ecosystem and Language [Ep. 158, Macropiece Theater]
It is difficult to define what money is because the term money can refer to different things in different contexts. Money is not just a thing or unit of…
Eurodollar UniversityNext Fed Chair to be Theoretical Lexicographer [Eurodollar University, Ep. 157]
PART 01: Around the world data shows consumer prices are accelerating like we haven't seen in years, even decades. Why? Is it because politicians are wantonly…
Eurodollar UniversityInterviewing Bilal Hafeez: Three Red Lines, One Recession [Ep. 156, Eurodollar University]
China has cross three red lines - what are they? Inflation is roaring red hot - why and will it last? Next year is shaping up as a prime candidate for…
Eurodollar UniversityReading Jeff Snider: Cliffhanger - Unemployment Benefits [Ep. 155, Macropiece Theater]
Pandemic Unemployment Assistance benefits in the United States eliminated eight million income streams in September 2021. A reading, by Emil Kalinowski…
Eurodollar UniversityReading the FRBNY: International QE and No Inflation [Ep. 154, Macropiece Theater]
Does rapid central bank money creation resulting from large-scale purchases of government securities fuel inflation? A review of the experience in Britain…
Eurodollar UniversityReading Adam Smith: Money and Labor, the Nominal and Real Price of Everything [Ep. 153, Macropiece Theater]
From Book I (Productive Powers Of Labour), Chapter V (Of The Real And Nominal Price Of Commodities, Or Of Their Price In Labour, And Their Price In Money). A…
Eurodollar UniversityReading Jean-Paul Sartre: The Nature of Money [Ep. 152, Macropiece Theater]
From Being & Nothingness, Part Four (Having, Doing and Being), Chapter Two (Doing and Having), Part II ("Doing" and "Having" Possession). A reading, by Emil…
Eurodollar UniversityReading Perry Mehrling: Where’s My Swap Line? [Ep. 151, Macropiece Theater]
The past two decades have seen the construction of a tiered system of international liquidity provision, the first tier including those whose credit is…
Eurodollar UniversityThe Bonds, the Inflation and the CPI [Eurodollar University, Ep. 150]
PART 01: An early-1950s US consumer buying-binge sent the Consumer Price Index soaring. Inflation!? No. It was a transitory supply/demand imbalance brought on…
Eurodollar UniversityReading Lyn Alden: A Resurgence in Value [Ep. 149, Macropiece Theater]
Lyn Alden's October newsletter focuses on value stocks compared to growth stocks and makes an argument for at least a mild resurgence of value performance. A…
Eurodollar UniversityReading George Friedman: Sketching a 2022 Forecast [Ep. 148, Macropiece Theater]
George Friedman begins to look ahead at ideas and geographies that will and will not matter in the year 2022: Covid, China, Russia, Europe, the Middle East…
Eurodollar UniversityReading Jeff Snider: When Nobody's Looking, Past Economic Activity is Revised Downward [Ep. 147, Macropiece Theater]
The September 2021 reading for America's new orders of durable goods shows stagnation / stalling. It is likely much worse but we won't know it for several…
Eurodollar UniversityReading Jeff Snider: US GDP Q3 2021 [Ep. 146, Macropiece Theater]
The United States' third quarter is in the books - how did the economy do? A reading, by Emil Kalinowski. ----------WHO---------- Jeff Snider of Alhambra…
Eurodollar UniversityReading Jeff Snider: Bond Markets Betting on Dis- & De- not In-flation [Ep. 145, Macropiece Theater]
How can anyone say there’s a dollar shortage and dramatically rising deflationary potential right now? Easy, actually. A reading, by Emil Kalinowski…
Eurodollar UniversityReading Velina Tchakarova: The Quad Summit amid the Bifurcation of the Global System [Ep. 144, Macropiece Theater]
In September the leaders of Australia, India, Japan and the United States met to discuss, among other things, how to counter-balance the growing power of China…
- Eurodollar University
Reading JP Koning: MasterCard - Adult Content Gatekeeper? [Ep. 143, Macropiece Theater]
Mastercard is compelling adult content providers to know their customer... and their content. If not, access will be withheld to payment processing. But…
Eurodollar UniversityReading Nicholas Humphrey: Bugs & Beasts Before the Law [Ep. 142, Macropiece Theater]
Medieval Europeans put animals on trial for various misdemeanors and felonies: murderous pigs sent to the gallows, sparrows prosecuted for chattering in…
Eurodollar UniversityReading Jeff Snider: A Goods Supply SURPLUS!? Not a Shortage [Ep. 141, Macropiece Theater]
There is a goods shortage on the store shelf, yes. But that does not mean there is a goods shortage - instead it is a warehousing and logistics problem. In…
Eurodollar UniversityReading Jeff Snider: Bonds Know What Inflation Is and Is Not [Ep. 140, Macropiece Theater]
The US Treasury bond market has been correctly anticipating inflation, disinflation, deflation as well as transitory, non-money-related increases in consumer…
Eurodollar UniversityReading Jeff Snider: Why Do We Think Inflation Expectations Matter? [Ep. 139, Macropiece Theater]
Federal Reserve economist Jeremy Rudd's paper savages the use of inflation expectations in monetary econometrics. He lambasts the profession for producing…
Eurodollar UniversityReading Jeff Snider: 1970s Inflation vs. 2020s Price Increases [Ep. 138, Macropiece Theater]
Time travel to the early 1970s where we hear the Nixon Tapes, read memorandums, and study Congressional testimony to understand what the Federal Reserve knew…
Eurodollar UniversityReading Schopenhauer: Wealth, Poverty, the Nature of Money [Ep. 137, Macropiece Theater]
Arthur Schopenhauer, in the essay "The Wisdom of Life", favors individual strength of will and independent, reasoned deliberation over the tendency to act on…
Eurodollar UniversityThe 2s/10s Treasury Spread 'Conundrum' [Ep. 136, Eurodollar University]
PART 01: The 'debate' in the US Congress about the debt 'ceiling' prevented the US Treasury Dept. from issuing UST Bills, the ultimate risk-free asset. This…
Eurodollar UniversityReading JP Koning: Crypto Solution to MasterCard/Visa Embargo [Ep. 135, Macropiece Theater]
Kratom is a legal stimulant but MasterCard and Visa refuse to process payments by kratom vendors. How do vendors work around this embargo? And should these two…
Eurodollar UniversityReading Maroon Macro: The Bull Case for Decentralized Finance (DeFi) [Ep. 134]
Maroon Macro has become cautiously optimistic about Decentralized Finance's (DeFi) potential to disrupt the traditional financial system. DeFi is…