Eurodollar University

Eurodollar University’s Making Sense; Episode 8: Your Questions

By |2020-05-14T11:51:23-04:00May 14th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

iTunes: https://apple.co/3czMcWN Spotify: https://spoti.fi/3arP8mY Google: https://shorturl.at/fpsEJ Alhambra-tube: https://youtu.be/qb_ylacLPMc Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Art: https://davidparkins.com/ [Emil's Summary] On September 21, 1897 the The Sun, a newspaper out of New York, printed an editorial in response to a letter from eight-year old Virginia O'Hanlon. "Yes, Virginia, there is a Santa Claus," came the reply. In that tradition, Making Sense presents episode eight, in which we [...]

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Eurodollar University’s Making Sense; Episode 7: The Anti-Weimar

By |2020-05-11T12:52:39-04:00May 11th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

iTunes: https://apple.co/3czMcWN Google-cast: https://shorturl.at/fpsEJ Spotify: https://spoti.fi/3arP8mY Alhambra-tube: https://youtu.be/S1qjswZdisM Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Art: https://davidparkins.com/   [Emil's Summary] The monetary system is missing of money. Expectation of its return is no longer enough; actual recreation of modern money is needed. That job belongs to the private sector, the banks. It was true of the 1930s, and true of present day.Quantitative easing, [...]

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Eurodollar University’s Making Sense; Episode 6: Shocking (to some) Fragility

By |2020-05-04T15:30:05-04:00May 4th, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

iTunes: https://apple.co/3czMcWN Google-cast: https://shorturl.at/fpsEJ Spotify: https://spoti.fi/3arP8mY   Alhambra-tube: below   SUMMARY  Hubris. It will get us to the stars but seduce us into believing we belong there. Today, monetary authorities suffer it, believing they can manage the nonlinearity, emergence, spontaneous order, adaptation and feedback loops of the unraveling. DESCRIPTION In 1929 a plague struck Florida resulting in an overwhelming government response. [...]

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Eurodollar University’s Making Sense; Episode 5: Myths

By |2020-04-27T18:20:45-04:00April 27th, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

CHANNELS: iTunes: https://apple.co/3czMcWN Google Podcasts: https://shorturl.at/fpsEJ Spotify: https://spoti.fi/3arP8mY Emil-Tube: https://youtu.be/yqmVom5lq58 Alhambra-Tube: below   SUMMARY:  Ancient myths, like the Minotaur of Crete, Monkey King or Odin, are not taken seriously.  But modern myths, like the Greenspan Put, the Bank of Japan buying stocks or bond kings selling Treasuries, not only are taken seriously, but acted upon.   KEYWORDS: Eurodollar University, Jeff Snider, [...]

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Eurodollar University’s Making Sense; Episode 4: Oil, Oil, Oil

By |2020-04-20T16:18:24-04:00April 20th, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

  The debate over the shape of the recovery, "V" or "L", which might emerge following the dislocation and global contraction. What clues can we find?   1. Domestic Data clues (The Two Easiest Dots Anyone Will Ever Have To Connect) "Deprive any animal of oxygen and watch how it doesn’t move very fast." How the labor force changed [...]

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MAKING SENSE (podcast)

By |2020-04-06T20:16:21-04:00March 24th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Joining me for my inaugural podcast to try to make sense of this GFC2 (and more) is my colleague and fellow monetary enthusiast Emil Kalinowski. We talk repo, collateral, and why there are only dudzookas from the Fed.  It's also the start and tip of the ice berg for what we hope will become a much bigger project: an expansive, [...]

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Multipliers and Elasticity: The Other More Consequential Side of Repo

By |2019-10-02T17:31:25-04:00October 1st, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There is increasing skepticism in the mainstream media as to the functions and declarations coming from the Federal Reserve. As a direct consequence of the mid-September repo rumble, for the first maybe ever official opinions and explanations aren’t being taken immediately at face value. That may end up being the lasting legacy of what was otherwise nothing more than a [...]

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The Corroboration and Costs of Fear Gold

By |2019-08-27T17:02:18-04:00August 27th, 2019|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Gold is the ultimate hedge, but it is far from perfect. Unlike, say, sovereign bonds there should be no expectation for a negatively correlated price. You can buy a UST or German bund even at negative yields and at least expect the price to rise when things are at their worst. Flight to safety or flight to liquidity. You can’t [...]

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