Eurodollar University’s Making Sense; Episode 63; Part 2: Bills Disappeared From Public Mind But Not (Repo) Markets

By |2021-04-13T16:49:35-04:00April 13th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

63.2 Growing Economy? Treasury Bills Don't Believe It!———Part 2 Summary———Economic recovery? Then why aren't US Treasury Securities being OBLITERATED by the combined power of vaccines, fiscal stimulus and monetary easing? Maybe because stimulus is really 'stimulus' and easing is 'easing'. Indeed, US Treasury Bills are being bid and signaling angst. ———See It———– Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It——— Vurbl: 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/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: 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/2V39Xjr ———Ep 63.2 [...]

Consumer Price(s) Incalcitrant

By |2021-04-13T16:44:45-04:00April 13th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

While we consider the PPI’s view of inflationary pressures as overstated by simple arithmetic and the math of commodities, there’s no denying that producer prices have risen by a substantial amount. The question, the whole issue, is why. If it is truly because price pressures are building and have grown close to breaking out in systemic fashion, then that would [...]

Eurodollar University’s Making Sense; Episode 63; Part 1: Bernanke Was Not Making Sense, Bonds, Bubbles & Money

By |2021-04-13T16:50:26-04:00April 12th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

63.1 Bernanke's Idea Doesn't Make Any Sense———Part 1 Summary———In the early 2000s, bond markets ignored the Fed. Alan Greenspan called it a "conundrum". Ben Bernanke blamed a "Global Savings Glut". But recent Federal Reserve research notes events since 2008 upend the Bernanke glut and instead suggest economic weakness and financial fear as causal. ———See It———– Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It——— [...]

Weekly Market Pulse: Nothing To See Here. No, Really. Nothing.

By |2021-04-12T07:58:44-04:00April 12th, 2021|Alhambra Research, Bonds, Commodities, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

The answer to the question, "What should I do to my portfolio today (this week, this month)? is almost always nothing. Humans, and especially portfolio managers, have a hard time believing that doing nothing is the right response....to anything...or nothing. We are programmed to believe that success comes from doing things, not not doing things. And so, often we look [...]

Scorching, Blistering, Highest In A Decade! Powell’s The Voice of Reason Here?

By |2021-04-09T18:17:50-04:00April 9th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If there is one thing Economists understand very well, it’s mathematics. This is practically all they do, and all that means much to their discipline. If there’s one thing Economists don’t seem either competent with or interested in, it’s the economy. The math is supposed to match the other’s reality, yet rarely does.There are times, however, when simple calculation is [...]

Eurodollar University’s Making Sense; Episode 62; Part 3: Downgrading ‘Stimulus’ Expectations

By |2021-04-08T18:36:08-04:00April 8th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

62.3 Why the Biden (and Trump!) Stimulus is OVERHYPED———Part 3 Summary———The 2007-09 crisis was a permanent shock. Neo-Keynesians do not believe such a thing is possible. But consumers? Not only do they believe in permanent shocks, they KNOW they are very real. Therefore, the Trump and Biden stimulus payments have NO CHANCE of fixing the economy. ———Episode 62 Intro——— “I [...]

Real Dollar ‘Privilege’ On Display (again)

By |2021-04-07T20:04:14-04:00April 7th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Twenty-fifteen was an important yet completely misunderstood year. The Fed was going to have to become hawkish, according to its models, yet oil prices crashed and the dollar continued to rise. Both of those things were described as “transitory” by Janet Yellen, and that they were helpful or positive (rising dollar means cleanest dirty shirt!), but domestically American policymakers’ clear [...]

Eurodollar University’s Making Sense; Episode 62; Part 2: *The* Market Speaks

By |2021-04-07T18:58:13-04:00April 7th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

62.2 Best Market Fed Always Ignores: Eurodollar Futures———Part 2 Summary———If there was A SILVER BULLET, if there was ONE RING TO RULE THEM ALL - if there was ONE MARKET TO FOLLOW to track the health of the global monetary order and world economy - it would be the Eurodollar Futures market. Incredibly, the Federal Reserve has a very low [...]

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