Currencies

Eurodollar University’s Making Sense; Episode 20, Part 1: The Dollar Pitch They Can’t Hit
Eurodollar University’s Making Sense; Episode 20, Part 1: The Dollar Pitch They Can’t Hit

Eurodollar University’s Making Sense; Episode 20, Part 1: The Dollar Pitch They Can’t Hit

By Jeffrey P. Snider|2020-08-03T17:23:33-04:00August 3rd, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

----------WHERE---------- AlhambraTube: https://bit.ly/2Xp3roy Apple: https://apple.co/3czMcWN iHeart: https://ihr.fm/31jq7cI Castro: https://bit.ly/30DMYza TuneIn: http://tun.in/pjT2Z Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Castbox: https://bit.ly/3fJR5xQ Breaker: https://bit.ly/2CpHAFO Podbean: https://bit.ly/3enSAkr Stitcher: https://bit.ly/2C1M1GB Overcast: https://bit.ly/2YyDsLa PocketCast: https://pca.st/encarkdt PodcastAddict: https://bit.ly/2V39Xjr ----------WHO---------- Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Art: https://davidparkins.com/ Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, hidden in right field. Artwork [...]

Those Three Weeks of Hysteria

By Jeffrey P. Snider|2020-07-31T20:01:25-04:00July 31st, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Is three weeks a new record? That’s about how long Jay Powell’s performance bought him across most major markets. It was May 17, a Sunday night, when he appeared on 60 Minutes and, pardon me again, lied his ass off. One right after another, starting with the most obvious falsehood that his gang at the Federal Reserve “saw it coming.” [...]

Momentum Lost? Private Income Corroborates Possibility Presented By Claims

By Jeffrey P. Snider|2020-07-31T18:14:52-04:00July 31st, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Entering 2020, before overreactions to COVID and the shutdown they brought, private income derived from all sources had slowed to the lowest rate since 2010 (not counting 2013, that year skewed by tax changes which were implemented finishing up 2012). According to the latest annual revisions for it, last year, 2019, was a bit more recessionary than previously thought especially [...]

Eurodollar University’s Making Sense; Episode 19, Part 3: Gold, Dollars, and Bonds, Oh Yes
Eurodollar University’s Making Sense; Episode 19, Part 3: Gold, Dollars, and Bonds, Oh Yes

Eurodollar University’s Making Sense; Episode 19, Part 3: Gold, Dollars, and Bonds, Oh Yes

By Jeffrey P. Snider|2020-07-31T15:42:14-04:00July 31st, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

----------WHERE---------- AlhambraTube: https://youtu.be/QjYJSF28W5QApple: https://apple.co/3czMcWN iHeart: https://ihr.fm/31jq7cI Castro: https://bit.ly/30DMYza TuneIn: http://tun.in/pjT2Z Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Castbox: https://bit.ly/3fJR5xQ Breaker: https://bit.ly/2CpHAFO Podbean: https://bit.ly/3enSAkr Stitcher: https://bit.ly/2C1M1GB Overcast: https://bit.ly/2YyDsLa PocketCast: https://pca.st/encarkdt PodcastAddict: https://bit.ly/2V39Xjr ----------WHO---------- Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Art: https://davidparkins.com/ Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, slowing it way down à la Major Marquis Warren. Artwork by David Parkins, descendant of Arthur Eld ancient King of All-World. Podcast intro and outro is [...]

It Was Bad. The End. (not quite)

By Jeffrey P. Snider|2020-07-30T18:33:04-04:00July 30th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If that wasn’t the most anticlimactic worst economic quarter in history. The numbers were just as bad as people were expecting – which is the point. It’s not like this economic collapse snuck up on anyone, nor did its scale and depth. We’ve all known from the very beginning what the deal was going to be. Headline real GDP fell [...]

Eurodollar University’s Making Sense; Episode 19, Part 2: Gold, Dollars, and Bonds, Oh Crap
Eurodollar University’s Making Sense; Episode 19, Part 2: Gold, Dollars, and Bonds, Oh Crap

Eurodollar University’s Making Sense; Episode 19, Part 2: Gold, Dollars, and Bonds, Oh Crap

By Jeffrey P. Snider|2020-07-29T19:25:23-04:00July 29th, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

----------WHERE---------- AlhambraTube: https://youtu.be/QjYJSF28W5QApple: https://apple.co/3czMcWN iHeart: https://ihr.fm/31jq7cI Castro: https://bit.ly/30DMYza TuneIn: http://tun.in/pjT2Z Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Castbox: https://bit.ly/3fJR5xQ Breaker: https://bit.ly/2CpHAFO Podbean: https://bit.ly/3enSAkr Stitcher: https://bit.ly/2C1M1GB Overcast: https://bit.ly/2YyDsLa PocketCast: https://pca.st/encarkdt PodcastAddict: https://bit.ly/2V39Xjr ----------WHO---------- Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Art: https://davidparkins.com/ Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, slowing it way down à la Major Marquis Warren. Artwork by David Parkins, descendant of Arthur Eld ancient King of All-World. Podcast intro and [...]

That’s Probably Why Only Half a “V”

By Jeffrey P. Snider|2020-07-29T19:19:39-04:00July 29th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Why only half a “V?” If the latest PMI’s are anywhere close to accurate, and they don’t have to be all that close, then the production side of the economy may have stalled out somewhere nearer the trough of this contraction. The promise of May’s big payroll report surprise has dissipated in more than just the bond market. This isn’t [...]

OMG The Dollar!!!
OMG The Dollar!!!

OMG The Dollar!!!

By Jeffrey P. Snider|2020-07-29T17:37:12-04:00July 29th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The way you hear it nowadays, the dollar just can’t catch a break. If it’s not a load of “V’s” indicated by some obscure data point (like the otherworldly spike in US home ownership levels), then it is Jay Powell who is clearly gunning for the US currency. He can’t kill it fast enough, having had more than enough of [...]

The Fastball Behind Strike 3

By Jeffrey P. Snider|2020-07-28T19:26:54-04:00July 28th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For a brief few weeks, reopening euphoria gripped the bond market. Well, not the bond market exactly, it was limited to the commentary surrounding a minor back up in nominal yields. Really, not much. This culminated in the May 2020 payroll report which was released on June 5. That was the one which “surprised” everyone because, apparently, nobody pays attention [...]

Would The Real Dollar Please Stand Up

By Jeffrey P. Snider|2020-07-27T19:46:53-04:00July 27th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On December 3, 2015, Europe’s central bank, the ECB, supposedly disappointed markets especially those trading European equities. Losses were large because Mario Draghi’s gang of policymakers merely extended its first QE rather than accelerating the pace of purchases. Investors, such as they were, had been told to expect more than that. To make matters worse, according to the mainstream narrative, [...]

Eurodollar University’s Making Sense; Episode 20, Part 1: The Dollar Pitch They Can’t Hit

Eurodollar University’s Making Sense; Episode 19, Part 3: Gold, Dollars, and Bonds, Oh Yes

Eurodollar University’s Making Sense; Episode 19, Part 2: Gold, Dollars, and Bonds, Oh Crap

OMG The Dollar!!!

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