There’s a huge market out there that doesn’t get much attention: Eurodollars. These have nothing to do with the euro-dollar exchange rate. Instead, eurodollars are U.S. dollar-denominated deposits at foreign banks and overseas branches of American banks. They’re effectively a source of dollars that operates outside the control of the U.S., and have at various times been blamed for exacerbating interbank lending crunches. Jeff Snider, Head of Global Research at Alhambra, has a theory that recent market volatility might have its roots in some eurodollar drama. He speaks with Odd Lots about how this market grew in tandem with globalization, and how we should be thinking about it now.
Bloomberg Interview with Jeffrey Snider
About the Author: Marcelo Perez
Give us a call today at 1-888-777-0970 or via email at email@example.com and we’d be happy to arrange for one of our investment professionals to discuss your situation with you – completely complimentary. Let’s start the conversation today. Marcelo is the Head of Operations at Alhambra Investments, an SEC-registered Investment Advisory firm doing business since 2006. Alhambra Investments specializes in all-weather, highly diversified, multiple asset class portfolios.