Government Report Reveals A LOT of People Are About to Lose Their Jobs
What's in a single number? For this one, a whole lot of confirmation plus warning. Consumer sentiment has famously crashed and this one figure holds the key to why. Everything else that's happening comes down to this single deficiency. Eurodollar University's conversation w/Steve Van Metrehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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19:48
WARNING: Canada’s Job Market Just COLLAPSED
Canadian payrolls were dismal in April, including the biggest two-month collapse in private jobs since the lockdowns. It isn't just sentiment. While pessimism has soared, results from around the real economy is backing that up with hard data. Not just Canada, also Mexico. Eurodollar University's Money & Macro AnalysisJeremy Rudd Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)https://www.federalreserve.gov/econres/feds/files/2021062pap.pdfTranscript Chair Powell Press Conference May 2025https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20250507.pdfBloomberg Canada Joblessness Hits 6.9% as Tariffs Strike Manufacturinghttps://www.bloomberg.com/news/articles/2025-05-09/canada-adds-7-400-jobs-unemployment-jumps-to-6-9Bank of Canada Financial Stability Report 2025https://www.bankofcanada.ca/2025/05/financial-stability-report-2025/SPG Canada Manufacturing PMI April 2025https://www.pmi.spglobal.com/Public/Home/PressRelease/487ca2cba7784b86aa9d9df3a315d744SPG Canada Services PMI April 2025https://www.pmi.spglobal.com/Public/Home/PressRelease/4c356ce1148c420fbee728307ef2b2dchttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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16:35
The Bank of England Just Sent a MASSIVE Warning to the World
Former hardcore hawk, the Bank of England pulled ahead of the Federal Reserve by rejoining the global race to the bottom. And it did so with what is being called a weird three-way split. The split was neither weird nor much of one. Instead what BoE did - and why - has already shown up here in the US. The latest confirmation comes from the Fed's very own data where job fears have exploded for the same reason(s) BoE is acting. Eurodollar University's Money & Macro AnalysisBank of England MPR May 2025https://www.bankofengland.co.uk/monetary-policy-report/2025/may-2025FOMC Chair May 2025 press conferencehttps://www.youtube.com/watch?v=8oX4RCJJXAMhttps://www.federalreserve.gov/mediacenter/files/FOMCpresconf20250507.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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23:17
NEW Report Shows Global Banks Are Dangerously Overexposed to Risk
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/Insiders are looking for the exits. Short selling sharks are circling. Regulated banks are majorly exposed to this credit segment, another one deep within the shadows. Could this explain why market signals remain near or at extremes? From swap spreads to gold ratios, there is deflationary everywhere in them and credit default swaps have cast their blame specifically toward banks. Eurodollar University's Money & Macro AnalysisBloomberg Short Sellers Bet Against Private Credit Lendershttps://www.bloomberg.com/news/articles/2025-05-03/short-sellers-bet-against-private-credit-lenders-credit-weeklyIMF Global Financial Stability Report April 2025https://www.imf.org/en/Publications/GFSR/Issues/2025/04/22/global-financial-stability-report-april-2025IMF Private Credithttps://www.imf.org/en/Blogs/Articles/2024/04/08/fast-growing-USD2-trillion-private-credit-market-warrants-closer-watchhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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22:34
Credit Default Swaps Are SURGING, Here's What You Need To Know
US sovereign CDS prices are soaring, not relenting after jumping during April. While mainstream sources will say that's this dollar-ditching stuff, neither the track record for CDS nor empirical evidence agrees. Government credit default swap premiums are set by one factor, and it has everything to do with the banking system. Eurodollar University's Money & Macro AnalysisSovereign and bank CDS spreads: two sides of the same coin?https://www.ucd.ie/geary/static/publications/workingpapers/gearywp201402.pdfMSCI The CDS Market’s View on US Defaulthttps://www.msci.com/www/blog-posts/the-cds-market-s-view-on-us/03820087801Bloomberg Oaktree Co-CEO Sees Private Credit Trades as Low as 50 Centshttps://www.bloomberg.com/news/articles/2025-05-02/oaktree-s-o-leary-says-deep-discounts-arising-in-private-credithttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.
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