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 UniversityLIVE! Reaction Answering the WSJ's Greg Ip
Might the economy take off? According to a Wall Street Journal opinion column, solid wage growth and unfilled openings point to much less labor market slack…
Eurodollar UniversityIs Warren Buffett Beautiful?
From 2009-12 Buffett warned that emergency monetary and fiscal action would stoke inflation, that the dollar was in the hands of a profligate Congress and that…
Eurodollar UniversityInterview: Carolyn Sissoko
Professor Sissoko focuses attention on the fact that the post-2008 financial system has changed dramatically but that technocrats have not tackled what the…
Eurodollar UniversityReading Around: George Friedman on War with China and Russia
Historian and geopolitical strategist George Friedman's commentary on the (un)likelihood of war with China and Russia. A reading, by Emil Kalinowski…
Eurodollar UniversityLIVE! Reaction: Answering The Economist
The Economist magazine states that "the covid-19 crisis is highlighting the limits of unemployment-insurance figures" and therefore "jobless-claims data give…
Eurodollar UniversityConstrained Money Dealers
PART 01: The rise and fall of an arbitrage trade by hedge funds known as the Treasury cash-futures basis trade. That was the focus of an excellent research…
Eurodollar UniversityCollateral 'Cloning'
PART 01: Government stimulus seems to work sometimes (e.g. US recessions after WW2). Other times it clearly fails: 1970s USSR, 1980s S. America and Africa…
Eurodollar UniversityLIVE! Reaction: Answering the St. Louis Fed
In 2014 the St. Louis Federal Reserve noted that despite a MASSIVE increase in money the expected 4 to 6% inflation did not materialize. The researchers…
Eurodollar UniversityLike 1970s, Like 2010s But Opposite
-----PART 01 SUMMARY------ US President Jimmy Carter told the nation that the US dollar's devaluation "is clearly not warranted by the fundamental economic…
Eurodollar UniversityLIVE! Reaction: Answering The Economist
The Economist says, 'No! They are white knights to be held in reserve; don't sully them with politics.' Jeff Snider agrees on the 'No!', but for entirely…
Eurodollar UniversityThe Gospel of Bernanke's Global Savings Glut
Karen King of the Harvard Divinity School wasn't the first 'professor' to discover "the long-buried secret of Jesus' marriage." That distinction belongs to…
Eurodollar UniversityThe Monetary Shadows
"I glanced at the list, running over names (probably misspelled) that meant nothing to me, with my hand on the butt of my righthand gun. That one now contained…
Eurodollar UniversityLIVE! Reaction: Answering Jay Powell
So says Federal Reserve Chairman Jerome Powell in a recent Wall Street Journal opinion column. Jeff Snider listens and reacts to Powell's case that the…
Eurodollar UniversityCommemorating QE's 20th Anniversary
Jeff Snider is in his element in Episode 60, in which he observes the 20th anniversary of quantitative easing and notes the unsettling twist in oil futures…
Eurodollar UniversityAnniversary Special: Top-10 Podcast Intros
March 23, 2020 is a day that no financial market participant will forget. It was the day that America's S&P 500 put in its low and stock prices began their…
Eurodollar UniversityInterview: Izabella Kaminska
Welcome to Making Sense. Jeff Snider and I are joined by a very special guest, Izabella Kaminska who has accomplished many accomplished things, including being…
Eurodollar UniversityLIVE! Reaction: Answering Paul Krugman
Will stagnation follow the Biden Boom? So asks New York Times columnist (and Nobel memorial prize winner) Paul Krugman. Jeff Snider listens and reacts to…
Eurodollar UniversityFalse Dawn(s)
Space, the final metaphor. Why do central bankers offer spirographic, retrograde answers? Because they operate within a Ptolemaic paradigm - a geocentric model…
Eurodollar UniversityLIVE! Reaction: Answering Martin Wolf
Wolf ponders what central banks should target (e.g. inflation, asset prices, social justice, nominal GDP). Incredibly at no point in the article was targeting…
Eurodollar UniversityIt was a dark and stormy depression...
"The pen is mightier than the sword." "The great unwashed." "Pursuit of the almighty dollar." These are prhases we have all heard and they come from a single…
Eurodollar UniversityLIVE! Reaction: Answering Jon Hilsenrath
Should speculative ventures be included in calculations of inflation? What about productive investment? Housing? All transactions? Or just consumer prices?…
Eurodollar UniversityAnomalies? Or Triggers?
The theme of Making Sense Episode 52 is how an environment reacts to an anomaly. Resilient systems keep these aberrations constrained. But fragile ones can…
Eurodollar UniversityReading Around: Pettis On Tariffs and US Jobs
Michael Pettis of Carnegie Endowment for International Peace. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "The Village Idiot" by Justnormal…
Eurodollar UniversityFT: "Do Not Rule Out a Market Panic Next Month"
Part 01: (01:30 to 38:27) What are monetary technocrats / financiers doing to save the world economy? We review: yield curve control in Australia (and Japan!)…
Eurodollar UniversityLIVE! Reaction: Answering Philip Stevens
After decades of market liberalism and fiscal fundamentalism, policymakers are returning to Keynes. Jeff Snider reacts to two recent articles: "Bond yields are…
Eurodollar UniversityReading Around: Myrmikan on System-Critical Short Squeezes
Financial historian Daniel Oliver's essay on the systemic consequence of the 1907 short squeeze on United Copper Company and lessons for today. A reading, by…
Eurodollar UniversityInterbank Netting: The Pressure to Get to Zero
Having studied monetary policy for several years it was only natural that your podcaster spent considerable time contemplating the essential elements of…
Eurodollar UniversityLIVE! Reaction: Answering The Economist
Jeff Snider reacts LIVE! to an article from The Economist. The magazine offers three arguments why the US economy might overheat in 2021: evidence that the…
Eurodollar UniversityDevolution of Financial Memory
Sophocles won 24 of the 30 literary competitions he entered, placing second in the rest. Of his 120-plus plays, only seven survive. Eratosthenes, calculated…
Eurodollar UniversityModern Monetary Hypnosis
As many listeners have long suspected, your podcast host did, as a child, run away and join the circus. Not dissimilar from a traditional childhood, it was…
Eurodollar UniversityWSJ Columnist asks Fed: 'What the...?'
A recent Hidden Forces podcast with Demetri Kofinas featured professor Kevin Vallier and his new book "Trust in a Polarized Age". Vallier notes that Americans…
Eurodollar UniversityDr. Copper's Diagnosis
Mary Toft had delivered a litter of rabbits - that was the news that reached the court of King George I in 1726. Obstetrician John Howard arrived at Toft's…
Eurodollar UniversityWhat's the Score?
In the middle of the 17th century, Athanasius Kircher -- "one of Europe’s most successful scholars" -- published "Egyptian Oedipus", a magisterial three-volume…
Eurodollar UniversityQuantum Dollar Mechanics
Your podcaster has long been impressed by cinema that presents what is outside the human sensory process; art that conceives and presents what we literally…
Eurodollar UniversityThe Weïrd Sisters
Christine Lagarde, Janet Yellen and Stephanie Kelton are among the world's best known political-economists. Lagarde, was France's Minister of Finance, Managing…
Eurodollar UniversityThe Case of the Missing Money
“The Case of the Missing Money” is not an Arthur Conan Doyle short-story but instead a 1976 essay by well-known economist Stephen Goldfeld who noticed that…
Eurodollar UniversityRecession Roulette
Part 01: What can the late-19th century Long Depression (1873-96) tell us about the early-21st century Silent Depression (2008-2?)? We turn to Henry George…
Eurodollar UniversityTeam Disorder Wrassles the Economy
PART 01: US Treasury yields have risen on positive news, especially following the CoVo Vax news from Pfizer. Does it mean reflation has begun? Does it mean the…
Eurodollar UniversitySocial Contract
A social contract is the agreement between government, business, wealthy and ordinary households in how to apportion the costs and benefits of society. The…
Eurodollar UniversityEurodollarween
Broadcasting from the kingdom of NYE, I'm Art Bell and this is Coast to Coast AM from the great beyond. Tonight we'll talk to General Johnson Jameson from his…
Eurodollar UniversityThe Unit Root
The bread of this podcast hotdog features Jeff Snider putting into context how far behind the times monetary authorities are, and that all may not be as it…
Eurodollar UniversityBank of Japan, the Monetary Recon Team
American economist and New York Times columnist, Paul Krugman entered the economics profession to follow in the footsteps of Hari Seldon, a psychohistorian…
Eurodollar UniversityQE2 Syndrome: Making Economics Errata
As your podcaster put the finishing touches on Episode 30 word came down from up-on-high: 'We need to do errata!' Yes! Finally! This podcaster's long-time goal…
Eurodollar UniversityCarrying the Yen Carry Trade into the Light
Advanced-economy money centers make the world go round. In the early 1800s London and Paris funded globalization cycles. Berlin and Vienna joined the exclusive…
Eurodollar UniversityInterview: Brent Johnson
In 1969 Johnny Carson was hosting The Tonight Show and, in one particular episode, Bob Hope headlined. After Carson finished interviewing Hope he called out…
Eurodollar UniversityDuck and Cover
US President Harry Truman prosecuted the war to its conclusion, finishing his predecessor's near-impossible task. Then, with bitter irony, History reversed his…
Eurodollar UniversityDecade of Disorder? It's "Transitory"!
How much is several? What is a few? If you were to put a numerical value on "probably" would it be more, or less, than "likely"? To your podcaster's great…
Eurodollar UniversityGive Us More Time!
Last week, current and former Federal Reserve officials offered a mea culpa, saying the timing of the 2015-18 rate hikes may have curbed a potentially quicker…
Eurodollar UniversityThe Discovery of Oz
"I am Oz, the Great and Terrible. Why do you seek me?" They looked again in every part of the room, and then, seeing no one, Dorothy asked, "Where are you?" "I…
Eurodollar UniversityThe Dollar's Premature Obituary
Magrathea. It is one of legendary, advanced-economy planets of the human imagination sitting along side Asimov's Trantor of the Foundation Series, and…
Eurodollar UniversityWhat are they thinking?
The final setting of Margaret Atwood's The Handmaid's Tale occurs well into the future, at a symposium of historians examining the Handmaid era. Your podcaster…
Eurodollar UniversityWhat's in the Monetary Toolkit?
Life is full of problems. And when particularly irritated by them, we turn to professionals for help. Sure, men - especially the married kind - will insist…
Eurodollar UniversityStrike 9! Will the Fed Ever be Called Out?
Baseball. The nation's pastime. For well over a century the sport has nestled itself in the romantic nook of America's soul. Its greatness captured in…
Eurodollar UniversityGold, Dollar and Treasury battle Deflation, Disorder and Danger
Now, admittedly SOME commodity prices have gone up. Half of the agricultural and livestock prices are up year-to-date. Copper is up! But these are the results…
Eurodollar UniversityThe Fractured Flask
2008. Albuquerque, New Mexico. The first business meeting of what would become the best-known chemist team since Nobel-prize winners Molina, Crutzen and…
Eurodollar UniversityCommunism - Don't Call it a Comeback
Plato, Kant, Nietzsche, Buddha, Confucius, Rousseau, Aristotle, Bastiat, Molinari, Cicero, Hegel, Hobbes, Kant... LL Cool J. The contemporary philosopher sits…
Eurodollar UniversityWhat is... Eurodollar Mailbag?
After half-a-century, some 8,000 episodes and numerous tournament of champions the American television game show Jeopardy! decided to hold its definitive…
Eurodollar UniversityHey Kid, Want Some Communism?
Published in 1862, Les Misérables by Victor Hugo is "the novel of the century" according to David Bellos, professor of French and comparative literature at…
Eurodollar UniversityReading Tea Leaves
Your podcaster shunned traditional university education and instead sought a guild apprenticeship. Drawn to parapsychology and the occult even as a sma' one…
Eurodollar UniversityThe Great Portnoy
Upon its release the book was met with popular indifference. And no wonder. A cautionary tale about indulgence, extravagance and social upheaval? Right into…