Eurodollar University

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #europe #france #germany #japan The balance is shifting more decisively, both in the global economy and official reaction to it. More central banks are now cutting rates than hiking them. This is an especially critical development since "monetary" authorities are typically among the last to recognize, admit, then act in response to serious weakness. Eurodollar University's conversation w/Steve Van MetreTwitter: https://twitter.com/JeffSnider_EDUhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #europe #france #germany #japan Soft landing vs. hard landing isn't really hard. It all comes down to employment and the jobs market is merely the last stage in a discreet process. We have more and more information which more and more uniformly shows the world entering that last stage. Eurodollar University's Money & Macro AnalysisSPG US PMI US private sector employment falls for first time since June 2020 amidmuted demand conditionshttps://www.pmi.spglobal.com/Public/Home/PressRelease/b72b9c19b3bd48e78027009aad143044HCOB Flash Eurozone PMI Employment falls for first time in almost three years as eurozonedownturn continueshttps://www.pmi.spglobal.com/Public/Home/PressRelease/20d35936ba1e4c8cac284d0a18afceefHCOB Flash France PMI French economy endures another steep contraction midway throughfourth quarterhttps://www.pmi.spglobal.com/Public/Home/PressRelease/73b931ce1dba4f068655878ca9a40625HCOB Flash Germany PMI Downturn in German economy eases in Novemberhttps://www.pmi.spglobal.com/Public/Home/PressRelease/4b17e45241094fa3b97a9f55e81b7e74au Jibun Bank Flash Japan Composite PMI Private sector activity stalls in Novemberhttps://www.pmi.spglobal.com/Public/Home/PressRelease/93d3415079964b6c898c8e0718d0ed51Twitter: https://twitter.com/JeffSnider_EDUhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #bankcrisis #oil #gasoline Even OPEC is having trouble dealing with the growing turmoil in the oil market. Weak demand is forcing the cartel to confront very difficult choices. The reason is because recent price weakness isn't really just about energy. A whole range of financial indications are pointing once more in that wrong if familiar direction.Eurodollar University's Money & Macro AnalysisBloomberg: OPEC+ Meeting Delayed as Oil Production Talks Hit Turbulencehttps://www.bloomberg.com/news/articles/2023-11-22/opec-talks-hit-turbulence-as-saudis-agitate-over-output-levelsTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #bankcrisis #japan #collateral Bond market is getting wild. Big moves in a lot places included several many aren't paying close enough attention to. The previous selloff in LT USTs has kept focus on that one segment in this single market. Not only are there crucial warnings in the other UST curve spot, other curves are making an even bigger splash here, some you may not immediately think of. Eurodollar University's Money & Macro AnalysisBloomberg: Bonds’ Best Month Since March Faces ‘Sanity Check’ in Auctionhttps://www.bloomberg.com/news/articles/2023-11-19/bonds-best-month-since-march-faces-sanity-check-in-auctionBloomberg: Booming Bond Rally Likely to Continue After Strong $16 Billion Debt Auctionhttps://www.bloomberg.com/news/articles/2023-11-20/treasury-rally-faces-test-in-pre-holiday-20-year-bond-auctionTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #bankcrisis Any amateur (like me) with a passing interest in economics knows the story: the Fed controls the economy by raising or lowering interest rates. Those then affect the banking system's credit impulse which either adds to or takes away from the general economy depending on what CBers wish to accomplish. Of course, almost none of that is true. How did it get to be this way? Answering that question reveals a lot more than you might think. Eurodollar University's Money & Macro AnalysisECB Monetary Policy Decisions October 26, 2023https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp231026~6028cea576.en.htmlBundesbank TPIhttps://www.bundesbank.de/en/tasks/monetary-policy/outright-transactions/transmission-protection-instrument-tpi--896158FOMC Transcript August 1, 2011https://www.federalreserve.gov/monetarypolicy/files/fomc20110801confcall.pdfMilton Friedman: A Program for Monetary Stability (1960)https://miltonfriedman.hoover.org/objects/57536/a-program-for-monetary-stabilityFOMC Transcript June 27-28, 2000https://www.federalreserve.gov/monetarypolicy/files/FOMC20000628meeting.pdfRBI Michael Debabrata Patra: Lost in Transmission? Financial Markets and Monetary Policyhttps://rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1338BOE Catherine Mann: Expectations, lags, and the transmission of monetary policyhttps://www.bankofengland.co.uk/-/media/boe/files/speech/2023/february/expectations-lags-and-the-transmission-of-monetary-policy-speech-by-catherine-l-mann.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #oil #gasoline #cisco #walmart From Cisco to Walmart, bonds to oil. Don't call it a comeback, deflation has been here the whole time. Most just forgot about it or were distracted by the combined summertime of soft landing and oil prices. The downside of the disinflation rebound and the weakness it is revealing have brought all the bad deflationary feelings back up to the surface. Eurodollar University's conversations w/Steve Van MetreTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy The mainstream emphasis on Treasury auctions is, like so many of these things, completely misplaced. It's not just misplaced, even the worst Treasury auctions don't actually matter. Interest rates have nothing to do with how much debt the government issues. It's sad, it's not right, but that's the eurodollar world we live in. Uncle Sam has issued almost $20 trillion in debt over the last dozen years, and the long bond yield has barely moved - even with the Fed spiking ST rates.Eurodollar University's Money & Macro AnalysisFOMC statement May 9, 2010https://www.federalreserve.gov/newsevents/pressreleases/monetary20100509a.htmTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #retail #walmart Walmart makes a major warning. Jobless claims spike. Oil (and gas) prices aren't just crashing, the whole WTI curve just get whacked. All three of those are different angles on the same thing. What's driving bids for bonds. The deflationary recession wasn't avoided, merely delayed. Eurodollar University's Money & Macro AnalysisCNBC: Walmart shares slide as retailer gives a cautious outlook about consumer spendinghttps://www.cnbc.com/2023/11/16/walmart-wmt-earnings-q3-2024-.htmlBloomberg: Walmart Sinks on Cautious Consumer Outlook, Late-October Diphttps://www.bloomberg.com/news/articles/2023-11-16/walmart-lifts-profit-outlook-stays-cautious-on-us-consumersAAA US average retail gasoline pricehttps://gasprices.aaa.com/Twitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #consumer #retail #china #europe Bond yields dropping again. Oil curve back in contango. Is the economy resilient? Worrisome data from around the world and right where it hurts - consumers. US. China. Europe. Eurodollar University's Money & Macro AnalysisBloomberg: China’s Mixed Economic Data Adds to Case for More Stimulushttps://www.bloomberg.com/news/articles/2023-11-15/china-s-economic-activity-mixed-as-beijing-steps-up-supportTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #cpi Massive buying in global bonds sparked by the US CPI. The consumer price estimates weren't shocking or even much of a surprise, instead they confirmed a lot about economic risks as well as what has been happening in bonds of late. The selloff isn't just over; it was never what everyone said it was. Eurodollar University's Money & Macro AnalysisBloomberg: The Rapid Bond Rally Is Looking Fragilehttps://www.bloomberg.com/news/articles/2023-11-10/rapid-bond-rally-is-looking-fragile-as-fed-supply-expose-cracksTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates They were all lovey-dovish last month in pausing rate hikes, then last week suddenly they're all hawks again. What changed? It wasn't the economy nor the economic data derived from it. The Fed's entire worldview is exposed when markets diverge from policymakers' preferred path. From rate hikes to the Phillips Curve, there is no basis for what central bankers do...accept to manipulate public opinion.Eurodollar University's Money & Macro AnalysisChair Jerome H. Powell At "Monetary Policy Challenges in a Global Economy," a policy panel at the 24th Jacques Polak Annual Research Conference, hosted by the International Monetary Fund, Washington, D.C.https://www.federalreserve.gov/newsevents/speech/powell20231109a.htmNBER: IT’S BAAACK: THE SURGE IN INFLATION IN THE 2020S AND THE RETURNOF THE NON-LINEAR PHILLIPS CURVEhttps://www.nber.org/system/files/working_papers/w31197/w31197.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#stocks #interestrates #dollar #money #stockcrash The full video with Mike Green is available to Eurodollar University members and DDA subscribers. To see what memberships and research subscriptions offer, go here: https://www.eurodollar.university/memberssubscriptionsEurodollar University's guess conversations featuring Mike GreenTwitter: https://twitter.com/profplum99Twitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #liquidity #china #banks China's repo market nearly freezes up at the end of October and now this. Even the biggest institutions are taking unprecedented steps. On top of well-documented real estate woes, the most recent economic stats on the Chinese economy indicate right back into deflation. With that third failed reopening and only ongoing trouble for non-bank financial firms, the liquidity situation inside China is getting hot.Eurodollar University's Money & Macro AnalysisBloomberg: China Banks Rush to Raise Funds After Cash Crunch Spooks Markethttps://www.bloomberg.com/news/articles/2023-11-09/china-banks-rush-to-raise-funds-after-cash-crunch-spooks-marketBloomberg: PBOC Drains Liquidity in Signal It Sees Rate Surge as Temporaryhttps://www.bloomberg.com/news/articles/2023-11-01/china-s-central-bank-drains-liquidity-after-overnight-rate-surgeBloomberg: PBOC Seen Adding Liquidity After China Money Market Rates Surgehttps://www.bloomberg.com/news/articles/2023-10-31/pboc-aims-to-add-liquidity-after-surge-in-money-market-ratesTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #liquidity Are interest rates going back up, or not? According to many Economists and central bankers (same thing), they believe so because a key metric they use has turned positive after years of being negative. Technically true, while it may be math it is hardly science. Their number is pure voodoo. Eurodollar University's Money & Macro AnalysisFRBNY: Treasury Term Premiahttps://www.newyorkfed.org/research/data_indicators/term-premia-tabs#/overviewBloomberg: ‘Dark Matter’ Bond Metric Mesmerizes Wall Street and Washingtonhttps://www.bloomberg.com/news/articles/2023-11-09/-dark-matter-bond-metric-mesmerizes-wall-street-and-washingtonTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #liquidity #oil #gasoline #europe #germany #crashOil market selloff is picking up taking gasoline prices along for the ride. The recession noises are getting louder and louder reminding us again there are no soft landings. It was pure coincidence, yet appropriate anyway Fed Chair Jay Powell addressed some his staff statisticians and cautioned them how often they are surprised by outcomes in the real economy. They should all consult their German counterparts given the alarming data coming out of that place and how much that helps explain oil and everything else. Eurodollar University's Money & Macro AnalysisChair Jerome H. Powell Remarks November 8, 2023https://www.federalreserve.gov/newsevents/speech/powell20231108a.htmBloomberg: Scholz Tells Global Elite in Davos That German Economy Is Backhttps://www.bloomberg.com/news/articles/2023-01-18/scholz-tells-global-elite-in-davos-that-german-economy-is-backBloomberg: Scholz’s Advisers Slash Forecast for German Growth Next Yearhttps://www.bloomberg.com/news/articles/2023-11-08/scholz-s-advisers-slash-forecast-for-german-growth-next-yearTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #liquidity #oil #gasoline Oil and gasoline prices are falling fast. While that sounds like a good thing, it is anything but. The energy market is coming to grips with the renewed downturn and recession. Big moves for the WTI curve and global bonds. It's not September any longer. Eurodollar University's Money & Macro AnalysisAAA US average retail gasoline priceshttps://gasprices.aaa.com/Bloomberg: Saudi, Russia Stick to Planned Oil Cuts Amid Mideast Tensionhttps://www.bloomberg.com/news/articles/2023-11-05/saudi-arabia-sticks-with-plan-for-oil-cuts-amid-mideast-tensionTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #liquidity Regulators are almost feuding with hedge fund "speculators" over something called a basis trade. The former alleges it is a huge systemic risk, and they are right though for the wrong reasons. In the latter group, supporters point out funds have become necessary balance sheet warehouses for Treasuries because of a key gap. Here we'll examine what that gap really is and why it actually matters to find out who is right (spoiler: both). Eurodollar University's Money & Macro AnalysisBloomberg: Griffin Says Scrutiny of SEC Basis Trade ‘Utterly Beyond Me’https://www.bloomberg.com/news/articles/2023-10-25/ken-griffin-says-sec-scrutiny-of-basis-trade-utterly-beyond-meOFR WP 2021-01: Hedge Funds and the Treasury Cash-FuturesDisconnecthttps://www.financialresearch.gov/working-papers/files/OFRwp-21-01-hedge-funds-and-the-treasury-cash-futures-disconnect.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #fed #federalreserve Blackrock official says stocks are in a really good place, not too Fed hot, not too economy cold. Total Goldilocks. Equity investors, however, tend to fall into these cyclical traps. It will just be weak enough to back of Jay Powell, but not too weak as to cause major damage. And if the landing does get too hard, that the Fed can always cut rates to save the day. A word of caution: the landings are always hard and the Fed never saves the day.Eurodollar University's weekly conversation w/Steve Van MetreBloomberg: Surveillance: Wall Street Enjoys a YOLO Moment After Goldilocks Jobs Reporthttps://www.bloomberg.com/news/newsletters/2023-11-03/wall-street-traders-savor-yolo-moment-after-goldilocks-jobs-reportTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #fed #federalreserve The last thing standing in the way of full-blown recession in the US was the jobs market. Was. October payroll report confirms the recent renewed downturn after the disinflation rebound ended is exactly what we've feared all along. A break down of the data and market reaction. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #europe #fed #federalreserveThe Fed indicated it may be done with rate hikes, but that's only the place to start. Is the yield curve about to come un-inverted? If so, what would that mean? The answers all depend on which direction it goes. Unfortunately for most people, they have no idea what either one means. Central banks have everyone thinking things backward. So, let's decode some curve scenarios and make real sense of them. Eurodollar University's Money & Macro AnalysisTranscript of Chair Powell’s Press Conference Opening StatementNovember 1, 2023https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20231101.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #europe #fed #federalreserve #ecb Hedge fund manager Stan Druckenmiller has gotten cold feet on the economy and the financial system, taking a huge leveraged position right at the spot on the curve we've been highlighting for months. The primary reason why is being made perfectly clear as globally synchronized data spotlight a global economy falling apart. Perhaps rapidly. Eurodollar University's Money & Macro AnalysisBloomberg: Druckenmiller Says He Has ‘Massive’ Bullish Bets on 2-Year Noteshttps://www.bloomberg.com/news/articles/2023-10-31/druckenmiller-says-he-has-massive-bullish-bets-on-2-year-notesISM Manufacturing PMI October 2023https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/october/Twitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #china #yuan #purge There appears to be an honest-to-goodness (not good) purge underway across China's top leadership. This political instability appears to be driven by disagreement over the direction of the Chinese economy, currency and property sector and what to do - if anything - about it. Despite recent Western headlines blaring "China has turned a corner" the data, and the intrigue, shows conclusively it hasn't. The fallout will be felt worldwide - more than it already has. Eurodollar University's Money & Macro AnalysisCNN: China removes Defense Minister Li Shangfu after two-month disappearancehttps://www.cnn.com/2023/10/24/china/china-names-new-defense-minister-intl-hnk/index.htmlReuters: China's Xi makes first known visit to central bank -sourceshttps://www.reuters.com/world/china/chinas-xi-makes-first-known-visit-central-bank-sources-2023-10-24/Bloomberg: Country Garden’s Missed Bond Payment Triggers CDS Payouthttps://www.bloomberg.com/news/articles/2023-10-26/country-garden-s-missed-bond-payment-triggers-cds-payoutSCMP: China’s economy ‘turned a corner’: 7 takeaways from third-quarter GDP, September datahttps://www.scmp.com/economy/economic-indicators/article/3238369/chinas-economy-turned-corner-7-takeaways-third-quarter-gdp-september-dataTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

To watch the full video, check it out at https://www.eurodollar.universityEurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7#dollar #interestrates #money #credit #inflation #whatismoney #brics #bitcoin #eurodollar

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #jobs #europe #germany #yieldcurve Is the bond selloff finally over? How would we tell? One way is to look at European specifically German rates and rate behavior. Over the last half decade, bunds et al have led US Treasuries including the similar cases in 2018 not to mention last year. Not only are cash market yields trending that way, forward European money rates are more strongly inverted this month, too. The reason why is equally clear, coming straight from statements by top ECB officials. Eurodollar University's Money & Macro AnalysisChristine Lagarde, President of the ECB: Press Conference 10/26/2023https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is231026~c23b4eb5f0.en.htmlTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Consumer price numbers have come back during the summer. Since US GDP was up big in Q3, quite a few seem concerned this could mark the beginning of a second "inflationary" phase. But underneath the oil surge there is overwhelming evidence disinflation remains firmly entrenched. A little too firmly, according to the markets.Eurodollar University's weekly conversation w/Steve Van Metre

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo #yieldcurve #income #jobs The 2-year US Treasury continues to press a fundamental case for the US economy that looks nothing like the last GDP number. Despite an official narrative for a strong labor market, the evidence instead shows serious and growing weakness where it counts the most - incomes. That major deficiency has been masked by the remnants of the supply shock. Now the leftover economy from that era is on a collision course with incomes. Eurodollar University's Money & Macro AnalysisFOMC Minutes September 19-20, 2023https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20230920.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo #yieldcurve US GDP surged in Q3 as the economy experiences the absolute peak of the disinflation rebound. You'd think that rates would be skyrocketing as would something like oil, both reading the big figures as confirming the need for higher rates due to unbreakable American demand. But, nope, markets basically ignored the data...for good and increasingly clear reasons. A last summer hurrah before the fall. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo #yieldcurve We've been getting major collateral warnings from all over the place recently. Financial collateral is the lifeblood of the global monetary system. That makes it incredibly important yet few have ever stopped to ponder how it all works and fits together; including central bankers. Collateral sufficiency means everything but it doesn't necessarily mean supply of Treasuries. Vastly more important is the circulation - the reusing - of all kinds of collateral. In this video, we're going to examine why that is starting from what it means. Eurodollar University's Money & Macro AnalysisGovernor Jeremy C. SteinOverheating in Credit Markets: Origins, Measurement, and Policy Responseshttps://www.federalreserve.gov/newsevents/speech/stein20130207a.htmJP Morgan Chase Q2 '23 10-Qhttps://www.sec.gov/Archives/edgar/data/19617/000001961723000432/jpm-20230630.htmIOSCO/CPSS: SECURITIES LENDING TRANSACTIONS: MARKET DEVELOPMENT AND IMPLICATIONShttps://www.iosco.org/library/pubdocs/pdf/IOSCOPD96.pdfFRBNY Guide to FR2004 Settlement Fails Datahttps://www.newyorkfed.org/markets/pridealers_failsprimer.htmlTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo #yieldcurve All of a sudden, two of the biggest bond bears on the planet have turned bearish on the economy and now bullish on bonds. The timing is suspect at least in terms of the "September effect" which is coming off. That leads Treasuries and global bonds back to fundamentals which are looking worse by the datapoint - and we got a bunch of those today. They simply reinforce why bond bears are now economy bears being bullish on bonds. Eurodollar University's Money & Macro AnalysisAckman tweetshttps://twitter.com/BillAckman/status/1716453006344921298Gross tweetshttps://twitter.com/real_bill_gross/status/1716472972113051665S&P Global Flash US Composite PMIhttps://www.pmi.spglobal.com/Public/Home/PressRelease/800861276eb949fc9646061f8eb2ffb4HCOB Flash Eurozone PMIhttps://www.pmi.spglobal.com/Public/Home/PressRelease/8dc7347e38ad43e88d81531f437243aaHCOB Flash Germany PMIhttps://www.pmi.spglobal.com/Public/Home/PressRelease/bdd9a44d333a46a9bd5c66cd7fd32090au Jibun Bank Flash Japan Composite PMIhttps://www.pmi.spglobal.com/Public/Home/PressRelease/4b3aea7d614f4e47aa7a4b108bead4b9Twitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo I've been talking about swap spreads for the last couple months, last week they make a huge move. To understand what it was and why it matters, let's talk about interest rate swaps and what their spreads to US Treasuries really tell us. What is this all about? In simple terms: the most direct window into shadow money and deflation potential.Eurodollar University's Money & Macro AnalysisBIS Working Papers No 705An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Planshttps://www.bis.org/publ/work705.pdfFRBNY: Negative Swap Spreadshttps://www.newyorkfed.org/medialibrary/media/research/epr/2018/epr_2018_negative-swap-spreads_boyarchenko.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repoSomething big is going on under the surface in collateral. There's a global scramble underway, one that took an ugly turn this week. Here we examine some of the background changes which uncovers a puzzle. US$ repo markets haven't been using as much UST collateral as before which is beyond odd given how much more UST collateral should be available from insane issuance. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive free webinar tomorrow October 20th. Secure your spot here:https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #mexico #peso We keep finding important inflections dating back to late July. These corroborate growing problems starting in eurodollar collateral. Interest rate swaps, Japanese bills, Italy BTPs. In terms of currencies, India's rupee is a big one as the country bleeds reserves again like last year. More than all those, however, this other one had bucked the global trend last year. Where everyone else's exchange values plummeted, it had surged. Not any more; not since late July. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here:https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #china #yuan The Chinese government is trying to the sell the world on its attempt at stabilizing China's economy. Of course, it easily finds willing buyers among Western media and audiences - some things never change. But the Chinese "stability" means something very different from "stability" as it is being described outside the country. People are being given an idea of recovery where there just isn't one. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here:https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral Eurodollar cycles are periods when crucial financial indications align in either one direction or the other. On the one side, it's reflation and better conditions in money and macro. The other, though, that's deflation and recession. If we find more than a few market prices and changes which align like the downside to eurodollar cycles, that's a powerful signal for which way the entire world is going to be heading - or continuing. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here:https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #jpmorgan JP Morgan's CEO Jamie Dimon says to prepare for higher interest rates. JP Morgan's asset management division says to prepare for lower interest rates. What? Trying to figure out which is why, and what fundamental values might actually determine future interest rate levels while looking to the US banking system for crucial clues. Beyond each side of JPM, of course. Eurodollar University's Money & Macro AnalysisBloomberg: Dimon Warns 7% Fed Rate Still Possible, Times of India Sayshttps://www.bloomberg.com/news/articles/2023-09-26/dimon-warns-world-may-not-be-prepared-for-fed-at-7-toi-lmzl7raoReuters: J.P. Morgan Asset Management bullish on Treasuries as Fed done with hikeshttps://www.reuters.com/article/usa-bonds-jp-morgan/j-p-morgan-asset-management-bullish-on-treasuries-as-fed-done-with-hikes-idINL8N3AQ5MUCNBC: Jamie Dimon cautions the 10-year Treasury yield could hit 5%: ‘It’s a higher probability than most people think’https://www.cnbc.com/2018/08/06/jp-morgans-jamie-dimon-cautions-10-year-treasury-note-rate-to-hit-5-percent.htmlTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here:https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #china #cny Latest data from China on lending and trade show Beijing's efforts at creating stability in currency, banking, and economy are not working. Loan growth was exceptionally weak especially for Chinese households meaning more trouble in real estate. The global trade recession keeps pressing on. First, some background about why this is so much more of an issue than strictly current macro conditions. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here:https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollarGasoline prices have plunged over the last two weeks, after having been moving lower since mid-August. That in itself is cause for concern though more so given how gas is now completely untethered to oil. All this suggests something big as far as demand goes and should the conflict in the Middle East grow worse and then manage to reconverge oil and gasoline at higher prices, look out. Eurodollar University's weekly conversation w/Steve Van MetreTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here:https://event.webinarjam.com/channel/eurodollarWhat if we found ourselves in a depression? What if that isn’t something new? Rate of change in economy goes down, rate of change in politics goes way up.Eurodollar University's Money & Macro AnalysisAlf Landon Acceptance Speechhttps://www.kshs.org/kansapedia/alfred-landon-s-acceptance-speech/14501FDR: Fireside Chat 12: On the Recessionhttps://millercenter.org/the-presidency/presidential-speeches/april-14-1938-fireside-chat-12-recessionChairman Ben S. Bernanke: Op-ed column for The Washington PostNovember 5, 2010https://www.federalreserve.gov/newsevents/other/o_bernanke20101105a.htmLarry Summers: U.S. Economic Prospects: Secular Stagnation, Hysteresis, and theZero Lower Boundhttps://larrysummers.com/wp-content/uploads/2014/06/NABE-speech-Lawrence-H.-Summers1.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7#gfc2023 #1929 #greatdepression #money #inflation #economy #recession #credit

Our Free Webinar is almost full, Secure your spot now: https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #yuan #cny #china China is back! Reopening back up after its Golden Week with more plans to "support" the economy. At least according to the latest likely officially-approved rumors. Yet, like earlier in the summer, no one is buying them. Quite the contrary, the more the Chinese try the more you know they know it isn't going well.Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollarEveryone wants to know why LT rates are going higher. Is it the Fed? Soft landing? Perhaps inflation with oil? Market curves have had the answer this entire time, but the selloff at first seems to complicate the matter. With data we have, we can start eliminating possibilities. Eurodollar University's Money & Macro AnalysisChair Powell Press Conference Transcript; Sept 20, 2023https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20230920.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7

Our Free Webinar is almost full, Secure your spot now: https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #oil #israel #collateral Now geopolitics threatens to do more than further destabilize rebalancing crude oil markets. But the risks are greater and more immediate than the price of crude. Collateral conditions over the past several years have been tied to energy, and collateral came in to all this in a fragile state to begin with. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlV

Are we watching the "right" spot on the yield curve? It's understandable why everyone would be fixated on the 10-year benchmark or the long bond. However, all the reasons you've heard for why those have been sold would go double for the 2-year note. Yet, that one hasn't budged, not really. Something else is going on in curves - not just USTs.Eurodollar University's weekly conversation w/Steve Van Metre

Our Free Webinar is almost full, Secure your spot now: https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #employment #unemployment #jobs The BLS gave us another finger with a blowout headline jobs report. Analyzing what that's really about and more importantly what the rest of the payroll report had in it. The US labor market is in a serious pickle now. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlV

#eurodollar #money #banks #interestrates #depression #recession #inflation #dollar What is a eurodollar? The answer to that question is far more complicated than you've ever heard and have been led to believe. So many myths persist about money and reserve currency, what they are and what they have to do. In this video, join me in taking the first step to understanding these deepest fundamentals. Let's take a closer look to see if we can't just figure out what's in the black hole. This is what Eurodollar University does. We aim to dispel the nonsense and get beyond to reveal the underlying facts so as to be able to better understand the world we inhabit. The one caught in the eurodollar's tight orbit. Eurodollar University's Memberships and more:https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_AIPFRBNY Monthly Review, November 1960: The Market for Dollar Deposits in Europehttps://fraser.stlouisfed.org/files/docs/publications/frbnyreview/rev_frbny_196011.pdf?utm_source=direct_downloadBIS: 34th Annual Reporthttps://www.bis.org/publ/arpdf/archive/ar1964_en.pdfMilton Friedman: The Euro-Dollar Market: Some First Principleshttps://files.stlouisfed.org/files/htdocs/publications/review/71/07/Principles_Jul1971.pdfRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mY

Free Webinar, Friday Oct 20, 630pm EDT. Sign up here:https://event.webinarjam.com/channel/eurodollar#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #oil #gas Oil prices are killing what ever slim chances we had for a soft landing. Rather than trigger inflation, crude shocks destroy demand to shove questionable economies right over the edge into recession and worse. The latest data indicates that's happening right now and happening big time. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlV

Free Webinar, Friday Oct 20, 630pm EDT. Sign up here:https://event.webinarjam.com/channel/eurodollarIf you want to delve into the deep background of how everything works, check it out here.https://www.eurodollar.university/sales-page#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #employment #jobs #joltsWhat the hell was that? Everyone went nuts over...job openings? Not only is this data from JOLTS unreliable, it goes up for a month here or there repeatedly on short-term basis. The rest of the JOLTS data completely undercuts the mainstream interpretation that the labor market is suddenly invulnerable. Worse, other data, starting with a collapse in consumer confidence followed by the vastly more important income numbers, strongly indicate serious and still-growing recession problems. Eurodollar University's Money & Macro AnalysisBloomberg: Wall Street Fear Gauge Ratchets Up After Jobs Data: Markets Wraphttps://www.bloomberg.com/news/articles/2023-10-02/asia-stocks-set-to-drop-after-slump-in-treasuries-markets-wrapIBD: Fed Overkill? Economic Outlook Index Plunges To Record Low In IBD/TIPP Pollhttps://www.investors.com/news/economy/federal-reserve-overkill-economic-outlook-index-plunges-to-record-low-in-ibd-tipp-poll/Twitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwN

If you want to delve into the deep background of how everything works, check it out here.https://www.eurodollar.university/sales-page#oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #europe #japan #energycrisis Another strong signal on global collateral conditions coming again from Japan. Only this time it isn't only J-bills. The warning is being corroborated from around the eurodollar system. From US$ interest rate swaps to Italian bond spreads, the situation is really starting to resemble September maybe October 2022. Including what might be behind it all: energy crisis. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlV

If you want to delve into the deep background of how everything works, check it out here.https://www.eurodollar.university/sales-page#eurodollar #germany #europe #recession #interestrates #economy #recession2023 #dollar #credit #inflation #deflation #dollar #economiccrisis Soft landings don't happen. The public has been led to believe they're effortless in the hands of skilled central bankers and politicians. Germany is an interesting case for dismantling the entire idea. While the German economy's worsening recession is Exhibit #1, sadly, it won't be the last especially as a top Federal Reserve official admitted they're just making it all up as they go.Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlV

If you want to delve into the deep background of how everything works, check it out here.https://www.eurodollar.university/sales-page#hungry #recession #interestrates #recession #recession2023 #dollar #oil #economy #depression #economy After the past couple of years, consumers from around the world are struggling to afford food and now comes another energy shock. Rather than lead to more "inflation", like 2022's oil spike the result will be disinflationary and worse. The signs are all around us in consumer expectations, business surveys, and, most important of all, consumer prices. Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityhttps://www.marketsinsiderpro.comhttps://www.PortfolioShield.netRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlV

If you want to delve into the deep background of how everything works, check it out here.https://www.eurodollar.university/sales-page#oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #gdp Revised GDP estimates have sharpened what seems to be a pre-recession tradition. The economy hits a wall and stumbles only to rebound into what sucks many into believing is a soft landing; only to then fall off at a later point. In addition to revised 2022 or 2023 GDP figures, we are reminded that the actual economic situation could and very likely is worse than they make it appear going by past history of these kinds of critical macro situations.Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityhttps://www.marketsinsiderpro.comhttps://www.PortfolioShield.netRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pb