Jeffrey P. Snider | TalkMarkets | Page 55
Chief Investment Strategist
Contributor's Links: Eurodollar University
Jeff is an Investment Strategist and currently runs Eurodollar University. Formerly the Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheaded the investment research efforts while providing close contact to Alhambras client base. Jeff joined Atlantic Capital ...more

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Out Of The Onion Wars, Why Are There Only Losers?
People are pleased that “trade deals” are beginning to replace “trade wars” in a lot of ways, and they should be.
Latest European Sentiment Echoes Draghi’s Last Take On Global Economic Risks
While sentiment has been at best mixed about the direction of the US economy the past few months, the European economy cannot even manage that much.
Sentiment Vs. Sentiment (And Diffusions Plus Production)
Over the past several months, there has emerged a divergence in sentiment; or, more precisely, sentiment indicators.
TIC Rolling Over Would Mean Other Things Having Rolled Over
According to the latest TIC estimates from the Treasury Department, foreign governments continued their heavy selling of US Treasuries.
China Data: Something New, Or Just The Latest Scheduled Acceleration?
Chinese data is, once again, on an upswing. That by itself tells us little if not nothing. The question is whether this is a material change in economic condition, and, if so, why?
A Repo Deluge…Of Necessary Data
Everything points to offshore dollars, even the domestic holdings of US Treasuries, but in the official world, such a thing doesn’t exist. And that’s why they continue to have so much trouble with the repo, let alone the facts.
If The Best Case For Consumer Christmas Is That It Started Off In The Wrong Month…
Gone are the days when Black Friday dominated the retail calendar. While it used to be a somewhat fun way to kick off the holiday shopping season, it morphed into something else entirely in later years.
Lagarde Channels Past Self As To Japan Going Global
Every single one of Europe’s economic cards has a picture of the Japanese islands stamped right on them.
The FOMC Channels China’s Xi As To Japan Going Global
Euro$ #4 welcomes everyone, including the unanimous FOMC, to this world where no-growth and boom are the same thing.
Dealers’ Choice: Repo Facts Are Indeed Very Stubborn Things
The biggest thing about September’s repo rumble wasn’t the double-digit GC rate(s), it was the timing.
If Trade Wars Couldn’t, Might Pig Wars Change Xi’s Mind?
For the Communist Chinese government, its first priority has been changed by unforeseen circumstances. At the worst possible time, food prices are skyrocketing.
The BIS Misses An Opportunity To Get Consistent With The Facts
Much has been made about the repo market since mid-September.
You Can't Bring It Back Up If You Have No Idea Why It Falls Down
The principle is of pump priming is simple enough, and it was Keynes who gave the idea its intellectual framework. During a depression, or even a recession, depressed “aggregate demand” can be shifted higher by an influx of government spending.
Disposable (Employment) Figures
Despite the constant attention and overhyped focus on them, payroll reports really, really don’t mean all that much by themselves. They are perfectly disposable figures.
A Time Recession
Eurostat confirmed earlier yesterday that Europe has so far avoided recession. At least, it hasn’t experienced what Economists call a cyclical peak. During the third quarter of 2019, Real GDP expanded by a thoroughly unimpressive +0.235% (Q/Q).
More Signals Of The Downturn, Globally Synchronized
Globally synchronized downturn took a little while, but, as we’ve said all year, the US was just following places like Germany and China as they absorbed the more immediate effects of the global dollar shortage first.
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