Jeffrey P. Snider | TalkMarkets | Page 78
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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The Many Obvious Dots Of Keynes, Friedman, And Fisher
The obsession with inflation is grounded in historical fact. This is true both of our recent “conundrum” as well as broader circumstances surrounding slow burning structural changes.
The Fate Of Real Estate
The housing market like the overall economy has been largely bifurcated for more than a decade. The proportion of those who aren’t doing well has remained unusually large.
Explaining All The Facts
St. Louis Fed President James Bullard was in New York last week, making a presentation to the US Monetary Policy Forum.
Not Surprisingly, It Wasn’t Italy
Almost a year later, Italy’s political theater has disappeared but May 29 still sits prominently as a turning point on all the important charts.
Even Biased Upward, Something’s Up With US Manufacturing
The durable goods series is now suggesting something of a quandary again. Over the last eight months, including the latest update for January 2019, released yesterday, there’s been no growth at all in new orders (or shipments).
The Global Reach Of Kuroda’s Premature Celebrations
Japanese firms are employing more workers and more Japanese workers are joining the labor force. But in the aggregate, the totality of Japan’s workforce is working less.
Sinking Shippers Signal Global Goods Troubles
Globally synchronized growth isn’t turning out the way Janet Yellen, Mario Draghi, and Haruhiko Kuroda said it would. It’s still synchronized, just not growing.
FOMC Minutes: The New Narrative Takes Shape
Nothing the Fed did today or has done up to today has changed the curves. The only thing that has changed since early January is the narrative.
More TIC December: More Shadow(s) Than Shadow Money
The TIC data for December 2018 starts out well enough, exactly the way it should. The headline says foreigners sold a record amount of US$ assets in that month. Anyone paying attention during it would be the opposite of shocked.
Something Different About This One
In Japan, they call it “powerful monetary easing.” In practice, it is anything but.
Getting Back Up To Speed On Loss Of Speed In US Economy
For much of 2018, the idea of “overseas turmoil” lived up to its name. At least in economic terms.
Not Even PBOC Supports Yuan’s Reserve Role
China’s yuan just isn’t a stable currency. I don’t mean its exchange value, either. CNY floats up and down on the whims of the eurodollar.
Where It All (Should Have) Started
The economy fundamentally is still the economy. How it operates and works deep down at its core is the same stuff economists and laypeople have been arguing over since humans first realized there was such a thing.
Chart Of The Week: TICsense
TIC will tell you so much more about the global economy and the changes taking place within it than the Establishment Survey and unemployment rate could ever hope to.
China’s Big Money Gamble
It is in producer prices that we see most clearly the difference between RMB hope and eurodollar reality. China’s PPI unlike its CPI surged while the PBOC’s MLF was doing a brisk RMB business with China’s big banks.
Germany Avoids Technical Recession, Thereby Confirming High Degree Of Recession Risk?
Every recession that has ever happened was the result of (too many) one-offs. Put another way, when you leave yourself so little room that your position is how there are so many negatives it must be positive, you are trying way too hard.
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