Jeffrey P. Snider | TalkMarkets | Page 99
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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Revisiting The Revised Revisions
What happens with durable goods (or any data for that matter, the process is largely the same) is that the Census Bureau conducts smaller surveys to compile sample totals. From these they derive and estimate monthly changes.
There Is Only One Global Trade War
IHS Markit reported last week that its composite Purchasing Managers Index (PMI) rebounded slightly in its first reading for June 2018. In January, the index had managed nearly 59, the highest in a very long time.
The Money Of Metals; More Gold Beyond Repo
What’s happened so far this year isn’t some different development related to the Fed’s intended exit. It’s the same problem for yet another year.
The Money Of Metals; Or, Inferring Collateral Beyond Repo
It’s been a wild month for copper. June began normal enough for the metal, with the front month futures price (HG1) still ~$3.05 where it had traded since early March.
The Remarkable And Lengthy Consistency Of Repo
Over the past few months, the repo rate is well above EFF and even more than IOER. Why? The FOMC and the conventional “wisdom” hands us T-bills as the answer.
Revisiting China And ‘Devaluation’ As China Revisits ‘Devaluation’
CNY is falling again and one thing is certain. It isn’t devaluation.
Chart Of The Week; Back To Boring
If there is a chart that stands out this week it has to be the usual. CNY breaks 6.50 to the downside today, an accelerated slide.
EFF Watch, Or Is It IOER Watch?
How bereft of ideas might they have to be to fall back on IOER?
Further Early Confirmation On PBOC Intentions
The level of Chinese bank reserves fell again in May 2018. Year-over-year, what is technically classified as Deposits of Other Depository Corporations on the PBOC’s liability (money) side of its balance sheet contracted by 1%.
Where Innovation Just Doesn’t Belong
Central banks aren’t supposed to be groundbreaking. They are just supposed to work. They don’t. Not in this eurodollar age.
Sintra +1
Does a year matter? It seems like a sufficient length of time whereby solid conclusions might be reached. While that may be true in a lot of disciplines, it is not so in Economics.
That Didn’t Take Long, Part 2
Federal funds aren’t some obscure way off policy goal, it’s the very lever the Federal Reserve has claimed all along it has been using for decades to great positive effect.
That Didn't Take Long ...
The Fed’s IOER (interest rate on excess reserves) scheme lasted all of three trading sessions.
The Last Boiling Frog Gave Birth To The Modern Unemployment Rate
Unemployment should have become by then a backburner issue nothing much beside a residual concern applicable only to the most serious cases.
What Should Be Happening In Housing
The real estate market uniformly telling Economists they should stop using the unemployment rate.
China Reopens With Another Sneeze
As China markets reopened after a Tuesday holiday, Chinese stocks, at least those represented by the Shanghai SSE, were down sharply. The index broke below 3,000 for the first time since September 2016.
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