#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo #yieldcurve We've been getting major collateral warnings from all over the place recently. Financial collateral is the lifeblood of the global monetary system. That makes it incredibly important yet few have ever stopped to ponder how it all works and fits together; including central bankers. Collateral sufficiency means everything but it doesn't nece...
Oct 26, 2023•21 min•Ep. 607
#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo #yieldcurve All of a sudden, two of the biggest bond bears on the planet have turned bearish on the economy and now bullish on bonds. The timing is suspect at least in terms of the "September effect" which is coming off. That leads Treasuries and global bonds back to fundamentals which are looking worse by the datapoint - and we got a bunch of those t...
Oct 25, 2023•19 min•Ep. 606
#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo I've been talking about swap spreads for the last couple months, last week they make a huge move. To understand what it was and why it matters, let's talk about interest rate swaps and what their spreads to US Treasuries really tell us. What is this all about? In simple terms: the most direct window into shadow money and deflation potential. Eurodolla...
Oct 24, 2023•20 min•Ep. 605
#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo Something big is going on under the surface in collateral. There's a global scramble underway, one that took an ugly turn this week. Here we examine some of the background changes which uncovers a puzzle. US$ repo markets haven't been using as much UST collateral as before which is beyond odd given how much more UST collateral should be available from...
Oct 22, 2023•22 min•Ep. 603
Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive free webinar tomorrow October 20th. Secure your spot here: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #mexico #peso We keep finding important inflections dating back to late July. These corroborate growing problems starting in eurodollar collateral...
Oct 20, 2023•20 min•Ep. 602
Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #china #yuan The Chinese government is trying to the sell the world on its attempt at stabilizing China's economy. Of course, it easily finds willing buyers ...
Oct 19, 2023•20 min•Ep. 601
Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral Eurodollar cycles are periods when crucial financial indications align in either one direction or the other. On the one side, it's reflation and better condi...
Oct 18, 2023•22 min•Ep. 600
Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #jpmorgan JP Morgan's CEO Jamie Dimon says to prepare for higher interest rates. JP Morgan's asset management division says to prepare for lower interest rates. What? Tr...
Oct 17, 2023•18 min•Ep. 599
Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #china #cny Latest data from China on lending and trade show Beijing's efforts at creating stability in currency, banking, and economy are not working. Loan growth was e...
Oct 16, 2023•21 min•Ep. 598
Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar Gasoline prices have plunged over the last two weeks, after having been moving lower since mid-August. That in itself is cause for concern though more so given how gas i...
Oct 15, 2023•18 min•Ep. 597
Special Announcement 🚨 For those wanting a deeper dive and actionable insights, join me for an exclusive webinar on October 20th. Secure your spot here: https://event.webinarjam.com/channel/eurodollar What if we found ourselves in a depression? What if that isn’t something new? Rate of change in economy goes down, rate of change in politics goes way up. Eurodollar University's Money & Macro Analysis Alf Landon Acceptance Speech https://www.kshs.org/kansapedia/alfred-landon-s-acceptance-spee...
Oct 15, 2023•21 min•Ep. 596
Our Free Webinar is almost full, Secure your spot now: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #yuan #cny #china China is back! Reopening back up after its Golden Week with more plans to "support" the economy. At least according to the latest likely officially-approved rumors. Yet, like earlier in the summer, no one is buying them. Quite the contrary, the more ...
Oct 12, 2023•19 min•Ep. 595
#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar Everyone wants to know why LT rates are going higher. Is it the Fed? Soft landing? Perhaps inflation with oil? Market curves have had the answer this entire time, but the selloff at first seems to complicate the matter. With data we have, we can start eliminating possibilities. Eurodollar University's Money & Macro Analysis Chair Powell Press Conference Transcript;...
Oct 11, 2023•21 min•Ep. 594
Our Free Webinar is almost full, Secure your spot now: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #oil #israel #collateral Now geopolitics threatens to do more than further destabilize rebalancing crude oil markets. But the risks are greater and more immediate than the price of crude. Collateral conditions over the past several years have been tied to energy, and ...
Oct 10, 2023•19 min•Ep. 593
Are we watching the "right" spot on the yield curve? It's understandable why everyone would be fixated on the 10-year benchmark or the long bond. However, all the reasons you've heard for why those have been sold would go double for the 2-year note. Yet, that one hasn't budged, not really. Something else is going on in curves - not just USTs. Eurodollar University's weekly conversation w/Steve Van Metre
Oct 09, 2023•18 min•Ep. 592
Our Free Webinar is almost full, Secure your spot now: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #employment #unemployment #jobs The BLS gave us another finger with a blowout headline jobs report. Analyzing what that's really about and more importantly what the rest of the payroll report had in it. The US labor market is in a serious pickle now. Eurodollar Univer...
Oct 08, 2023•18 min•Ep. 591
#eurodollar #money #banks #interestrates #depression #recession #inflation #dollar What is a eurodollar? The answer to that question is far more complicated than you've ever heard and have been led to believe. So many myths persist about money and reserve currency, what they are and what they have to do. In this video, join me in taking the first step to understanding these deepest fundamentals. Let's take a closer look to see if we can't just figure out what's in the black hole. This is what Eu...
Oct 06, 2023•22 min•Ep. 590
Free Webinar, Friday Oct 20, 630pm EDT. Sign up here: https://event.webinarjam.com/channel/eurodollar #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #oil #gas Oil prices are killing what ever slim chances we had for a soft landing. Rather than trigger inflation, crude shocks destroy demand to shove questionable economies right over the edge into recession and worse. The latest data indicates that's happening right ...
Oct 05, 2023•18 min•Ep. 589
Free Webinar, Friday Oct 20, 630pm EDT. Sign up here: https://event.webinarjam.com/channel/eurodollar If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #employment #jobs #jolts What the hell was that? Everyone went nuts over...job openings? Not only is this data from JOLTS unreliable, ...
Oct 04, 2023•18 min•Ep. 588
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #europe #japan #energycrisis Another strong signal on global collateral conditions coming again from Japan. Only this time it isn't only J-bills. The warning is being corroborated from around the eurodollar system. Fr...
Oct 03, 2023•21 min•Ep. 587
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #eurodollar #germany #europe #recession #interestrates #economy #recession2023 #dollar #credit #inflation #deflation #dollar #economiccrisis Soft landings don't happen. The public has been led to believe they're effortless in the hands of skilled central bankers and politicians. Germany is an interesting case for dismantling the entire idea. While the German econ...
Oct 02, 2023•18 min•Ep. 586
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #hungry #recession #interestrates #recession #recession2023 #dollar #oil #economy #depression #economy After the past couple of years, consumers from around the world are struggling to afford food and now comes another energy shock. Rather than lead to more "inflation", like 2022's oil spike the result will be disinflationary and worse. The signs are all around u...
Oct 01, 2023•18 min•Ep. 585
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #gdp Revised GDP estimates have sharpened what seems to be a pre-recession tradition. The economy hits a wall and stumbles only to rebound into what sucks many into believing is a soft landing; only to then fall off at a later poin...
Sep 29, 2023•20 min•Ep. 584
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #yuan #yen #won #euro #pound The eurodollar is rampaging again, exacting a global toll on everything it touches. Since it is the reserve currency, that means everywhere. Examining evidence for why the dollar exchange ...
Sep 28, 2023•20 min•Ep. 583
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch Forward-looking data for services as well as manufacturing continue to indicate recessionary trouble ahead. But they've been doing that for quite some time already, leaving many to tune them out as just background noi...
Sep 27, 2023•18 min•Ep. 582
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #china #yuan More troubling developments from China's big real estate developer. Unfortunately for us, for everyone, these growing woes from over there are corresponding with indications of eurodollar tightening meani...
Sep 26, 2023•18 min•Ep. 581
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #bankcrisis Does services lead manufacturing, or does manufacturing lead services? A global PMI roundup answers the question. The mid-year bounce has ended leaving weak production in the goods economy to bleed into fa...
Sep 25, 2023•19 min•Ep. 580
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #bankcrisis Four trillion a day goes through this market, maybe a hundred trillion in contracts out there yet not a penny of it shows up on bank balance sheets. One of the most important parts of the global reserve cu...
Sep 24, 2023•21 min•Ep. 579
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #bankcrisis Yesterday, we compared today to 1990 from the perspective of an oil price shock. Today, the similarities in the credit environments. What we find out is first that credit matters and, second, the Fed and i...
Sep 22, 2023•18 min•Ep. 578
If you want to delve into the deep background of how everything works, check it out here. https://www.eurodollar.university/sales-page #oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar The FOMC concluded its meeting today and all eyes were on the dots when they should be scanning the oil patch. Surging crude - strictly as a supply matter - isn't inflationary but recessionary with a possibility of contributing som...
Sep 21, 2023•18 min•Ep. 577
