Markets

Eurodollar University’s Making Sense; Episode 22, Part 2: Central Banks Are Dumb

By Jeffrey P. Snider|2020-08-19T14:54:09-04:00August 19th, 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, trying to punch out of the box. Artwork by David Parkins, the thinking man’s Auguste Rodin. ———HOW——— Learn why Eugene Fama, the Nobel [...]

Part 2 of June TIC: The Dollar Why

By Jeffrey P. Snider|2020-08-18T20:07:58-04:00August 18th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Before getting into the why of the dollar’s stubbornly high exchange value in the face of so much “money printing”, we need to first go back and undertake a decent enough review of the guts maybe even the central focus of the global (euro)dollar system. I’ve written before that the repo market is the lender of last resort, not central [...]

Part 1 of June TIC: The Dollar What

By Jeffrey P. Snider|2020-08-18T18:35:06-04:00August 18th, 2020|Markets|

While the world is taking the smallest of baby steps in the right direction, mostly it’s been related to the part of the eurodollar system that everyone can see. Not bank reserves and the Fed’s “money printing”, though you can see them and we’re told to obsess about them those things don’t matter. I mean instead the dollar’s exchange value; [...]

It Was Bad In The Other Sense, So Now What?

By Jeffrey P. Snider|2020-08-17T18:28:33-04:00August 17th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

According to the latest figures, Japan has tallied 56,074 total coronavirus cases since the outbreak began, leading to the death of an estimated 1,103 Japanese citizens. Out of a total population north of 125 million, it’s hugely incongruous. For now, however, it does present an obvious reason why the government there didn’t go to such deliberate lockdown extremes as so [...]

Eurodollar University’s Making Sense; Episode 22, Part 1: Ben Bernanke Isn’t Dumb

By Jeffrey P. Snider|2020-08-17T16:33:58-04:00August 17th, 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, trying to punch out of the box. Artwork by David Parkins, the thinking man's Auguste Rodin. ———HOW——— Central bankers are [...]

Longevity Planning

By Bob Williams|2020-08-17T10:43:27-04:00August 17th, 2020|Markets|

Inflation Hysteria 2, China Style

By Jeffrey P. Snider|2020-08-14T20:03:49-04:00August 14th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Forget scripted television. If you want Game of Thrones-style palace intrigue, you can do no better than Beijing in 2020. There are all sorts of rumors floating around, few of which can ever get confirmed. It’s not that there are rumors but rather how many of them, and how they don’t seem to be stamped out with the usual regularity [...]

It Doesn’t Just Disappear From the “V” Side

By Jeffrey P. Snider|2020-08-14T17:17:31-04:00August 14th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Imagine you are locked in your home and can only go outside of it to purchase the bare necessities (this would’ve sounded ridiculous in every year before 2019). For simplicity’s sake, let’s assume that you normally spend $100 every month, half of that on the basics. Thus, for the month preceding this lockdown you’d have laid out the full hundred [...]

Eurodollar University’s Making Sense; Episode 21, Part 3: Actually Looking in the $$ Toolkit Because Someday There’ll Be A Real One

By Jeffrey P. Snider|2020-08-14T15:30:19-04:00August 14th, 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. Artwork by David Parkins, operating with palette knives, color charts, painting palettes, tube wringers and paint rollers. ———-HOW———- New PMI scores for [...]

You Need NIRP But Because NIRP You Then Need To Lessen NIRP; Or, Just Trust US, This Stuff Just Works

By Jeffrey P. Snider|2020-08-13T19:29:59-04:00August 13th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Bank of Japan has been paying Japanese banks a supplement on loans they collateralize with the central bank. This program is not new, announced first during the depths of COVID earlier this year, but its growing popularity has demanded attention. In addition to this market “support”, in April BoJ added a bonus of 10 bps to each pledged loan.The [...]

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