Eurodollar University - podcast cover

Eurodollar University

Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.
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Episodes

Oil Bears, Equity Bulls

Jeff Snider, Chief Investment Officer of Alhambra Investments and Baron of the Balance Sheet @JeffSnider_AIP and Emil Kalinowski, Not Hard on the Eyes @EmilKalinowski. The World Trade Organization offered two outlooks for 2020-21, one that is not terrible and the other distinctly so. Jeff and Emil discuss how getting back to previous levels would be an impressive achievement in itself and how it suggests that central bank actions are limited in their impact on the broader economy. The US labor f...

Apr 17, 202035 minEp. 4

Confronting the Dollar Bull

We draw on five articles posted at Alhambra Investments to draw out the difference between a central bank - central to money supply - and a bank authority - central to a smooth functioning banking system. Jeff notes that we are not facing a local banking crisis that requires a banking authority but an international 'money' supply problem (there's not enough of it). Not only is the Fed not central to that money supply but nobody is. Interestingly Jeff is not concerned about another banking crisis...

Apr 03, 202032 minEp. 3

Greatest Liquidity Event Since Noah?

Jeff Snider, Alhambra Investments Chief Investment Officer (@JeffSnider_AIP) and Emil Kalinowski (@EmilKalinowski) review three topics. We review three articles Jeff wrote this week, trying to explain them a bit more than perhaps may be apparent at first glance. Firstly, why repurchase agreement stresses materialize prior to quarter-end. Secondly, why low-low-low-limbo-proof interest rates (e.g. effective Federal Funds, overnight repo market rates) are not signalling success but further interban...

Mar 27, 202037 minEp. 2

QE-Infinity is a Laundromat Token

This inaugural episode discusses the goal of building a collaborative, educational community to discuss the creation, destruction and redistribution of modern monetary formats throughout the global economy. A strange kind of money, so unlike what we're used to seeing in our pockets, but a money that is needed to finance activity, trade and progress. We briefly touched upon the nature of money, the un-centralness of central banks and identified the financial collateral markets - not cash or bank ...

Mar 23, 202037 minEp. 1
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