"Emerging markets burn through currency reserves as crisis risks grow," notes the Wall Street Journal. But what sticks in Mr. Jeff Snider's craw is that there's no mention as to why this is. To ask the question would move the Federal Reserve out of the media's glowing spotlight. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any ...
Sep 14, 2022•24 min•Ep. 289
A study by the Federal Reserve finds that quantitative tightening has a statistically significant effect on rates and yields. Too bad the effect is IMMATERIAL in the EXTREME! Also, same study notes that quantitative easing is similarly a big, 'nothing burger' (their words; ok, ok - my words). ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and ...
Sep 13, 2022•15 min•Ep. 288
Three European countries entered 2022 already on their back-foot after triggering early warning indicators of systemic banking crisis. Then they were presented energy, consumer-price and war emergencies. Keep an eye on France, Sweden and the Czech Republic (plus S. Korea and Canada!). ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not i...
Sep 12, 2022•29 min•Ep. 287
Economic accounts are bad, worldwide. The worst is ahead of us. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account ...
Sep 09, 2022•22 min•Ep. 286
Repurchase agreement failures by America's Primary Dealers have moved step-for-step with Japan's yen for two years. As the tempo of musical (financial-collateral) chairs picks up (scarcity, scramble) the yen depreciates. We explain why and what it means. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment adv...
Sep 06, 2022•29 min•Ep. 285
A Financial Times opinion column avers not only is a "post-dollar world coming" but that it is "near" and that the "decline could last... longer". We review the argument, disagree, and note no discussion of the global monetary order. Also, a prediction where the dollar is headed next. ****SPONSOR**** Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterwo...
Sep 05, 2022•29 min•Ep. 284
When an emerging market central bank goes off-balance sheet to fight currency depreciation it means the world's monetary shortage has entered the next, more dangerous phase. The Indian rupee is at record lows against the United States dollar. This is neither the fault of India nor a consequence of the United States. It's all about the eurodollar system. Welcome to Hades. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Adv...
Sep 02, 2022•18 min•Ep. 283
When an emerging market central bank goes off-balance sheet to fight currency depreciation it means the world's monetary shortage has entered the next, more dangerous phase. The Indian rupee is at record lows against the United States dollar. This is neither the fault of India nor a consequence of the United States. It's all about the eurodollar system. Welcome to Hades. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Adv...
Aug 30, 2022•26 min•Ep. 282
The San Francisco Fed reveals why US consumer prices accelerated more than other nations (i.e. stimulus checks). Also, the SF Fed explains why and when prices accelerated during 2020-22 (i.e. demand collapse and surge; supply shocks). At no point was it the Fed 'money printer go brr'. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not i...
Aug 29, 2022•31 min•Ep. 281
The Treasury Bill is the most liquid capital market asset of the monetary system. Now the Federal Reserve's 'quantitative' 'tightening' could liquify the dehydrated system (making Bills market-available). But are they treating it as a monetary vulnerability that needs to be addressed? Pfft. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is...
Aug 25, 2022•20 min•Ep. 280
China's economic results for July were "gruesome", the rest of the year not been much better. That's troubling enough but when the yuan doesn't move a scintilla for weeks it suggests the People's Bank of China is fighting hard to prevent a depreciation -- maybe even a devaluation? ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in an...
Aug 24, 2022•36 min•Ep. 279
Is there an unstoppable transformation—à la the internet in the 1990s—taking place in mining, minerals and energy? What are the supply and demand fundamentals for lithium? Where might an investor look to place some medium- to long-term bets? Is the time now, or is it still a bit early? ****EP. 278 REFERENCES**** Sean Maher Website: https://www.entext.com/ Sean Maher Twitter: https://twitter.com/smaherlon Sean Maher LinkedIn: https://www.linkedin.com/in/seanmahereconomist/ ****THE EPISODES**** Yo...
Aug 23, 2022•48 min•Ep. 278
The calendar spread (1- and 3-month) in the oil futures market (West Texas Intermediate) is compressing and is THIS close to being in contango. That would be the oil market saying, 'We don't see the demand. Keep your barrels—don't call us, we'll call you.' ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment a...
Aug 21, 2022•21 min•Ep. 277
A recent US Treasury auction for one-month Treasury Bills showed heavy premiums paid by the market to secure the global monetary system's most desired financial collateral. It signals ongoing collateral / credit / money scarcity, so says Ben Bernanke (in a roundabout way). ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way gi...
Aug 17, 2022•22 min•Ep. 276
The European Sovereign Debt Crisis of 2011-12 was the final nail in the post-Cold War Globalization coffin; it proved beyond a doubt that a global money/credit/collateral crisis was not a one-time event (the GFC) but a permanent, reoccurring disorder. Now, it maybe back. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way givi...
Aug 16, 2022•30 min•Ep. 275
If you all feel bad about the economy than the economy will be bad and you all are acting weird, so says a recent New York Times opinion column. We discuss whether concrete economic signals / data precede "vibes". Also, is the Federal Reserve the key "vibes" emitter? ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving i...
Aug 15, 2022•24 min•Ep. 274
Today the repurchase agreement is the backstop, the 'lender of last resort', for the global monetary system. Over a century ago it was the Federal Reserve that created the repo market. But funnily enough, since its creation they have largely ignored it. ****SPONSOR**** Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/eur...
Aug 10, 2022•21 min•Ep. 273
On August 9, 2007 the second largest bank in Europe - BNP Paribas - kicked off the Global Financial Crisis (2007-09) and the Silent Depression (2007-2?). It started with three illiquid money market funds. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promo...
Aug 09, 2022•32 min•Ep. 272
The Payroll Report (Establishment Survey) is not wrong but it is inappropriate. Heavy statistical dampening prevents the payroll report from showing economic inflections. Meanwhile, the Household Survey - note statistically constrained - is emitting recession warnings. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving...
Aug 07, 2022•23 min•Ep. 271
Central bankers use ‘Term Premia’ to cover for their grave, fundamental mistakes: A) not understanding bond markets, and B) putting themselves at the center of the monetary system. ****DISCLOSURES**** Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated...
Aug 01, 2022•18 min•Ep. 270
The European Central Bank raised rates in July 2008 because consumer prices were too high; the Global Financial Crisis climax came next. They did it again, in July 2011, for the same reason; the European Sovereign Debt crisis appeared shortly after. Here we go again, a July 2022 rate hike, same reasons; what happens next? ****EP. 269 REFERENCES**** A European Rate Hike Is the Global Economy's Kiss of Death: https://bit.ly/3S7hCcu RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Colum...
Jul 31, 2022•29 min•Ep. 269
James Bullard, St. Louis Fed chief, says the yield curve is twisted by the inflation surge, and may not be a recession message. Indeed, markets are twisting it because they have confidence the central bank will get control of consumer prices. ----EP. 268 REFERENCES---- Derby’s Take: Fed’s Bullard Says Yield-Curve Signal Might Not Be So Ominous: https://on.wsj.com/3PNKFAc RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf -------THE EPISODES------- YouTub...
Jul 30, 2022•25 min•Ep. 268
On May 20, 1982 the Fed held an emergency conference call for which transcripts are missing (on purpose? by accident?) to solve the "Drysdale Problem". They 'solved' it by focusing on the trees and ignoring the forest. ----EP. 267 REFERENCES---- Since When Does the Fed Funds Rate Have Anything To Do With Anything?: https://bit.ly/3ougulL RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf -------THE EPISODES------- YouTube: https://bit.ly/310yisL Vurbl: h...
Jul 25, 2022•26 min•Ep. 267
What if Japan's bond and currency markets aren't really about Japan at all? ----EP. 266 REFERENCES---- Global Euro$ Confirmation: http://www.marketsinsiderpro.com/ RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf -------THE EPISODES------- YouTube: https://bit.ly/310yisL Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza G...
Jul 24, 2022•23 min•Ep. 266
The US Treasury Department's Treasury International Capital report for the wild month of May 2022 goes a long way to describing our current economic and monetary predicament. ----EP. 265 REFERENCES---- When Global Banks Won't TIC: http://www.marketsinsiderpro.com/ RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf -------THE EPISODES------- YouTube: https://bit.ly/310yisL Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.l...
Jul 23, 2022•23 min•Ep. 265
On December 1, 2021 the Eurodollar Futures yield curve inverted by a single basis point, which set off recession warning sirens, claxons and clucking at Eurodollar University. Now? The curve is 120 basis points inverted - a warning that something more than 'just a recession' is plausible (possible? probable?!!!!!!). ----SPONSOR---- Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. Skip the waitlist and invest in blue-chip art for the very first...
Jul 20, 2022•16 min•Ep. 264
The US Treasury yield curve continues to spread and has reached the 52-week bill. The Fed is being told by the market it will be CUTTING rates, soon. ----EP. 263 REFERENCES---- RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf -------THE EPISODES------- YouTube: https://bit.ly/310yisL Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit...
Jul 18, 2022•18 min•Ep. 263
Foreign institutions have been merrily losing money on US Treasury holdings for years, buying high and selling low - are they insane? No, their investment behavior reveals that these bonds are used for managing risk, global systemic risk. ----EP. 262 REFERENCES---- The Rest of the World's Dollar-Weighted Return on U.S. Treasurys: http://www.nber.org/papers/w30089 RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf -------THE EPISODES------- YouTube: https...
Jul 17, 2022•16 min•Ep. 262
The Economist recounts how the pandemic led to a goods-consumption-boom and whether post-pandemic economics means normalization, or a services boom or a recession. ----EP. 261 REFERENCES---- Could a shift from goods to services ease inflation?: https://econ.st/3OYNOwQ RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf -------THE EPISODES------- YouTube: https://bit.ly/310yisL Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://b...
Jul 11, 2022•17 min•Ep. 261
The Economist admits to, warns of and draws attention to Britain's 15-year economic depression, labeling it a "slow-burning crisis", "long-standing", "stagnation nation" and "a chronic disease". There are many devastating socioeconomic, geopolitical consequences. It's not just Britain, it's the world. ----EP. 260 REFERENCES---- Low economic growth is a slow-burning crisis for Britain: https://econ.st/3nObojJ Britain’s productivity problem is long-standing and getting worse: https://econ.st/3NVpv...
Jul 10, 2022•31 min•Ep. 260
