175.2 RED ALERT: Eurodollar Futures Curve Inverts Pt. 2

———Ep 175.2 Summary———
When the US Treasury yield curve inverts it’s a recession warning for the United States. What about when the Eurodollar futures curve inverts? That’s a warning too; a monetary Red Alert for the entire world economy. On December 1st the Eurodollar curve inverted. Welcome to Hades.

———Ep 175.2 Topics———

00:00 INTRO: The eurodollar futures curve has inverted; a warning for the global economy.
01:01 In December 2006 the Eurodollar futures curve inverted; the GFC began eight months later.
03:03 The Eurodollar futures market is the(?) or one of largest markets in operation.
04:04 In July 2020 the Eurodollar futures curve kinked; not a ‘traditional’ inversion.
05:08 How did the Eurodollar futures curve behave between August 2020 and August 2021?
08:48 How did the Eurodollar futures curve behave between early-August to mid-November 2021?
10:56 How did the Eurodollar futures curve behave between mid-November and early-December 2021?
14:01 OUTRO: The Eurodollar futures curve knew the global economy was not strong / resilient.

———Ep 175.2 References———

This Is A Big One (no, it’s not clickbait): https://bit.ly/3oeNNKf
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
Real Clear Markets Essays: https://bit.ly/38tL5a7

———Show Sponsor———

Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from: Adam Smith, Arthur Schopenhauer, Bank for International Settlements, George Friedman, J.P. Koning, Jean-Paul Sartre, Karl Marx, Liberty Street Economics, Lyn Alden, Maroon Macro, Matt Stoeller, Michael Pettis, Myrmikan, Perry Mehrling, Robert Breedlove, Rohan Grey, Velina Tchakarova and yes, even Jeff Snider.

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———Euro$U Team———

Jeff Snider, Head of Global Investment Research for Alhambra Investments. Illustrations by David Parkins, myth maker. Audio and video editor, The Terence. Logo design by pixelist Lisa Jiang. Master of ceremonies, Emil Kalinowski. Musical intro is “Silent Night” by One Man Quartet. Musical outro is “O Christmas Tree” by The Evergreen Trio. Both found at Epidemic Sound.

———Where To Find Us———

Jeff: https://twitter.com/JeffSnider_AIP
Jeff: https://alhambrapartners.com/author/jsnider/

Emil: https://twitter.com/EmilKalinowski
Emil: https://www.EuroDollarEnterprises.com

David: https://DavidParkins.com/
Terence: https://www.VisualFocusMedia.com

Lisa: http://Lisa-Jiang.com/
Lisa: https://twitter.com/@Nylonnerves