Jeffrey P. Snider | TalkMarkets | Page 67
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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When You Can’t Hear Yourself: The Other Reverse Repo
A lot of times, what becomes most frustrating about all of this eurodollar business is trying to get other people out of the conventional mindset to open up to the idea that there is something more going on.
Federal Funds Is Not Falling With The Rest Of Them
Funding markets are increasingly afraid of something. A very real liquidity risk is being expressed in a lot of different places.
Baoshang Isn’t China’s Lehman, So Why Does April 17 Show Up All Over Global Markets?
One month ago, on May 24, Chinese regulators stunned the world by announcing the first bank restructuring in modern China’s history.
Globally Synchronized (Bond Yields)
The 10-year UST yield is today not really that far above its post-crisis low. The German 10s are already at a record. And Japan’s 10-year JGB is once more in the same vicinity as the last trough, also near a record low.
Behind The Blame Game, A Nastier #4
There will be no further hikes this year, rate cuts now pretty much a done deal from here. The problem isn’t the response, it was the belief leading up to it.
The Science Of Rate Cuts
In order for rate cuts to be insurance for a boom to continue, there first has to be a boom able to be continued.
Anesthesia Right On Schedule
There was supposed to be only rate hikes and recovery, which everyone everywhere has been waiting for, and now there will only be rate cuts to dispel grave uncertainty.
Curve-Sanity, Updated
Rate cuts will be insurance against whatever “trade wars” will throw at the global economy. That’s the current line from monetary officials in the US, anyway. The real question to ask is, how would they know?
Powell Surrenders: I Told You Last Year It Was A Lie; Or, Here’s Almost The Whole Of It
Jay Powell has had his mind changed for him. Why? Not even a year ago he was downplaying things like federal funds.
TIC Reveals The Landmine; This Time Is Already Different
For global banks to rush out of dollar liabilities like this and at the same time pile into sovereign bonds and the like, they’re probably far more worried about something other than the next composite PMI, no matter how subpar.
Europeans First To Reverse: Draghi Warned Draghi Seventeen Months Ago
Central banks are not central, but central bankers keep thinking their policies are powerful tools for the economy. The bond market, knowing the difference, keeps wondering what happened to rational thinking in Economics.
Spitballing In German
How does a July rate cut happen? The global economy further and significantly deteriorating would do the trick. So, too, would a surprise troubled bank surprisingly becoming more visibly troubled still.
Clocking What Isn’t Chinese Stimulus
One of the very few central pillars supporting the hopes for a second-half rebound was China’s “stimulus”.
Eurodollar University: Call For Papers
It comes down to a choice, really: find an alternative to Economics (capital “E”), or give Economics an alternative
US IP: May Was A Good Month And It Was Still ‘Manufacturing Recession’
Whether or not a full-scale recession shows up in the US is an open question. There’s less of one in US industry. According to the Federal Reserve, May was a relatively good month for industry – total output didn’t decline from April.
China’s Wolf, Not Dragon
Emerging markets might see some slowing during 2008, but they weren’t supposed to drop off. China was right at the top of everyone’s list, the unstoppable force then transforming the world’s political as well as economic order.
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