Consumer confidence plummeted to second lowest on record for a series that dates back to 1952 as American workers are afraid for their jobs in way the economy hasn't seen since the worst months of 2009. If that wasn't enough, both consumer and producer price indexes for March declined into deflation...in spite of tariffs. Eurodollar University's conversation w/Steve Van Metre University of Michigan Surveys of Consumers https://www.sca.isr.umich.edu/ https://www.eurodollar.university Twitter: htt...
Apr 14, 2025•18 min•Ep. 1059
DXY fell to its lowest value in more than two years. That means the dollar is crashing, right? Everyone says so, but when it comes to the dollar or anything related to the monetary system what everyone says is rarely ever so. The dollar IS going nuts, at least that part's right. Eurodollar University's Money & Macro Analysis Reuters US dollar stranglehold on global FX sets stage for euro parity: Reuters poll https://www.reuters.com/markets/currencies/us-dollar-stranglehold-global-fx-sets-sta...
Apr 13, 2025•19 min•Ep. 1058
If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/ One of the most critical and dependable monetary signals we have utterly crashed this week. While other financial markets struggle to regain their footing, this one says there's more disorder still to come along with the negative consequences from it in the real economy. And to punctuate how high the possibi...
Apr 11, 2025•20 min•Ep. 1057
Why are Treasury yields soaring when they should be falling on flight to safety? This is the telltale sign of something we're not supposed to talk about or even recognize. As clear as day, the Treasury market's supposed breakdown explains everything else that's happening alongside it: why there are liquidations and chaos seemingly in every direction. Eurodollar University's Money & Macro Analysis Basis Trade/Hedge Fund Bailout https://youtu.be/MF3B0puKkxU https://www.eurodollar.university Tw...
Apr 10, 2025•21 min•Ep. 1056
Downgrades are coming in from all over the place, this one from America's top CEOs. Worse than that, critical segments of the bond market wholeheartedly agree with the increasingly dire assessments, making multiyear lows of their own. Moreover, the latest data on consumer credit fans the flames of ongoing liquidations. Eurodollar University's Money & Macro Analysis CNBC CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink https://www.cnbc.com/2025/04/07/ceo...
Apr 09, 2025•21 min•Ep. 1055
Today was Asia's turn to get pummeled by margin calls, distressed sales, even liquidations. Within all those, there are growing signs of monetary deflation. First, the key role Japan played in what happened. Then, an abrupt selloff in Treasuries which left the mainstream shaking its collective head. Instead, a telltale sign all its own. Eurodollar University's Money & Macro Analysis Bloomberg Asian Stocks Tumble Most Since 2008 on Global Recession Worries https://www.bloomberg.com/news/artic...
Apr 08, 2025•21 min•Ep. 1054
Market meltdowns took center stage and attention away from March payroll estimates. They were overshadowed by a rise in unemployment which further cemented growing financial concerns the economy has already fallen into the bad case. That point has previously been raised by a key factor almost everyone had missed. Eurodollar University's conversation w/Steve Van Metre https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU
Apr 07, 2025•19 min•Ep. 1053
If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/ If you want to come hang out at Rebel Capitalist Live, Use code jeff (lowercase) at checkout to get $100 off your ticket → https://rebelcapitalistlive.com/ Eurodollar University's Money & Macro Analysis https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU...
Apr 06, 2025•45 min•Ep. 1052
Downgrade fever is here. It's coming in from private sources as well as central banks, in the US as well as outside of it. The global economy's loss of momentum has become too much to ignore any longer. While that just means everyone will blame tariffs, all those are doing is waking everyone up to what's been happening for some time already. Eurodollar University's Money & Macro Analysis Atlanta Fed GDPNow https://www.atlantafed.org/cqer/research/gdpnow Bloomberg Fed’s Goolsbee Warns of Tari...
Apr 03, 2025•19 min•Ep. 1051
The selloff in the riskiest corners of the credit market has been significant over the past month, yet there are worries it is nowhere near enough. Some have called it the financial system's gray swan, the most glaring inconsistency nearly everyone is simply ignoring or trying to paper over. As the economy deteriorates - with more evidence today - the risk to the system only gets bigger and louder. Eurodollar University's Money & Macro Analysis Bloomberg US Recession Fear Raises ‘Gray Swan’ ...
Apr 02, 2025•19 min•Ep. 1050
There are growing signs the AI bubble has indeed been a bubble and it may be reversing. That's not great for stocks, obviously, but the potential goes way beyond plaguing equities. There are direct impacts as well as, most importantly, the combination with other negative factors producing a confluence of too many headwinds. Eurodollar University's Money & Macro Analysis Bloomberg Microsoft Abandons Data Center Projects, TD Cowen Says https://www.bloomberg.com/news/articles/2025-03-26/microso...
Apr 01, 2025•20 min•Ep. 1049
With recession fears still growing, the government just reported strange results for a key set of economic data. And it's contradicted by a range of other reports, starting with more retailer warnings like the one from Lululemon about store traffic. Eurodollar University's Money & Macro Analysis Bloomberg Lululemon Plunges With Outlook Hurt by US Consumer Worries https://www.bloomberg.com/news/articles/2025-03-27/lululemon-s-us-struggles-weigh-on-sales-outlook-for-coming-year https://www.eur...
Mar 31, 2025•19 min•Ep. 1048
Why are senior researchers and former officials urging the Fed to create a hedge fund bailout? At first, this seems to be about the Treasury market and concerns tied to March 2020. It doesn't take too long, however, to see what's really going on here. Eurodollar University's Money & Macro Analysis Brookings Treasury market dysfunction and the role of the central bank https://www.brookings.edu/articles/treasury-market-dysfunction-and-the-role-of-the-central-bank/ Bloomberg Fed Urged to Explor...
Mar 30, 2025•23 min•Ep. 1047
Historic bond buying by European banks kept up again in February. The two-month binge is only surpassed by April and May 2020. At the same time, no lending to speak of, banks being totally defensive despite rate cuts. The implications are enormous given the background for 2025. Eurodollar University's Money & Macro Analysis You can watch the replay of our last webinar going over the various scenarios for the global economy: https://event.webinarjam.com/go/replay/27/n0rnxu71sp7b8nb1 Eurodolla...
Mar 28, 2025•18 min•Ep. 1046
You can watch the replay of the webinar here https://event.webinarjam.com/go/replay/27/n0rnxu71sp7b8nb1 Eurodollar University's one-time webinar offer for its subscriptions and memberships: https://www.eurodollar.university/webinar-offer Why on earth would anyone say we need a serious financial and economic crisis? Simple: it might be the only way to avoid a lot worse. We've had two so far in the last almost twenty years that got us nowhere; worse than nowhere. If nothing else, maybe third time'...
Mar 27, 2025•22 min•Ep. 1045
You can watch the replay of the webinar here https://event.webinarjam.com/go/replay/27/n0rnxu71sp7b8nb1 Eurodollar University's one-time webinar offer: https://www.eurodollar.university/webinar-offer Consumer confidence collapsed in March, at the same time data on services industries showed much the same. This dramatic loss of momentum is coming up seemingly everywhere, to the point it has Wall Street taking the R-word more seriously than at any time since 2020. Not for nothing, that's what some...
Mar 26, 2025•19 min•Ep. 1044
You can watch the replay of the webinar here https://event.webinarjam.com/go/replay/27/n0rnxu71sp7b8nb1 FedEx warned that the US economy is now the biggest constraint on the world, experiencing what the shipper currently estimates is a very serious round of "uncertainty." However, incoming data - not to mention the dollar - shows how the situation is becoming more - not less - certain, with a whole host of updates today. "Uncertainty" simply means "we don't like how this looks." Eurodollar Unive...
Mar 25, 2025•18 min•Ep. 1043
Michael Saylor's Strategy sold $700 million in preferred stock Friday, but with an eye-opening 10% dividend attached to be paid in cash. Not stock. Not coins. It was the second straight preferred sale in as many months, though the first one went off at only 8%. Security sales. Trying to get govts and Big Tech to buy Bitcoin. What is going on in the world of BTC? There's a huge STORY here, one that's bigger than Saylor. Eurodollar University's Money & Macro Analysis MSTF Pfd Stock Mar 2025 ht...
Mar 24, 2025•22 min•Ep. 1042
If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/ I am also doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare, you can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 Canary in the coalmine. Not Mag Seven, Russell. The macroeconomic warnings are coming in from all direction. Small caps. AI bubble. Ma...
Mar 23, 2025•18 min•Ep. 1041
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare. You can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 Following the Fed, the Swiss, Swedes and BoE. Plus a shocking drop in Australian employment that's going to be a factor for RBA, too. Whatever central bankers say today, it's what they're already doing which matters. The upshot is that those currently not engaged in the global race to the bottom (interest rates) are increasingly...
Mar 21, 2025•21 min•Ep. 1040
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare. You can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 The only question is how long the Fed can hold out, not if. With other central banks racing toward the bottom already, the fact those around the FOMC are also speaking with more forceful concerns - even downgrading - their expectations has the Fed effectively trapped, only a step maybe two away from re-entering that same race. E...
Mar 20, 2025•18 min•Ep. 1039
If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/ I am also doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare, you can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 After credit spreads had narrowed to near historic lows last month, they've made a major move off them. In fact, the rise in spreads h...
Mar 19, 2025•20 min•Ep. 1038
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare. You can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 The big drop in retail sales in January turns out to have been even bigger - much more. And then February consumer spending failed to rebound from it, coming in way below expectations, too. Add retail sales to the growing list on the side of "recession scare." Plus, the bad start to 2025 confirms a whole lot more on that side. E...
Mar 18, 2025•19 min•Ep. 1037
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare. You can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 The return of zero interest rates. Not in some distant future, right now. A major central bank will be debating the potential return of ZIRP this week. And it is far from alone; policy rates aren't just falling all over the world, they're already a lot closer to the historical lows everyone said we'd never see again. Eurodollar ...
Mar 17, 2025•18 min•Ep. 1036
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare. You can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 Foreign companies are fleeing China in droves as the government there is now smack in the middle of an epic borrowing spree. Those two things are related, both stemming from the same major deficiency: banks. Not central banks; actual banks. And China's institutions continue to explore new depths. Eurodollar University's Money &a...
Mar 16, 2025•22 min•Ep. 1035
If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/ I am also doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare, you can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 The global "race to the bottom" for interest rates is already well underway, more than most people might think. They've been led to be...
Mar 14, 2025•18 min•Ep. 1034
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare. You can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 Delta airlines in January said business was booming and that the company had confidence there was no end in sight Yesterday, the CEO called the first quarter a "parade of horribles" as economic "uncertainty" spoiled everything. Delta was not alone and not just in terms of airlines. There isn't economic uncertainty, the opposite ...
Mar 13, 2025•20 min•Ep. 1033
If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/ I am also doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare, you can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 While the world is lost in the "recession scare", China comes along and adds its considerable deflationary weight to it by reporting m...
Mar 12, 2025•20 min•Ep. 1032
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare, you can sign up here: https://event.webinarjam.com/register/27/l3k2rby6 Stocks plunged, bond yields dropped, the R-word is now the common phrase in the media...Jay Powell says everything is just fine and dandy. Even the President is now cautioning the economy might be going through a "transition" and the markets more and more can't get away from it. Eurodollar University's Money & Macro Analysis...
Mar 11, 2025•20 min•Ep. 1031
I am doing a webinar on how The Global Economy is Breaking: What Comes Next & How to Prepare, you can sign up here https://event.webinarjam.com/register/27/l3k2rby6 Hot on the heels of the big drop in employment, global trade soared at the absolute wrong time and for all the wrong reasons. Both point to the same huge loss of economic momentum, now seen coming from places all over the world. China, Canada...even the USA. Eurodollar University's conversation w/Steve Van Metre https://www.eurod...
Mar 10, 2025•19 min•Ep. 1030
