Jeffrey P. Snider | TalkMarkets | Page 6
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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Treasuries, Sure, What About Other Government Bond Curves?
The US Treasury curve, as you might have heard, is inverted. But what about the intermediate trend for other curves around the rest of the world?
Worry Walls Don’t Explain Repeated Falls
When the system is humming along, or even just barely reflating, the regular interjection of geopolitics is left in the background as nothing more than interesting noise.
How This Russia/SWIFT Mess Might Mean More Shadows?
US banks haven’t lent dollars to Russia since the first time the Russians ended up in Ukraine back around February 2014. The US government declared domestic firms wouldn’t do business with Russian banks and they really haven’t.
Curve Wars: Short Follows Long Because It’s Never Just One Part Or One Curve
The Federal Reserve has, in particular among its peers, demonstrated repeated bias toward uninterrupted growth and inflation no matter what happens in the economy.
The Short, Sweet Income Case For Ugly Inversion(s), Too
More Americans are working and more earned income is being generated, yet it’s not enough to keep up with the artificial surge in prices.
A(nother) Waste Of Our Time
It’s been a while, but the BLS finally got around to releasing a near-perfect payroll report.
GDP And GDI Lays Out The Perfect Supply Shock Case, And Its Downside
Though the fourth quarter US real GDP headline rate was left practically unchanged, there was some notable shuffling of its underlying details.
JOLTS Three Data Body Problem
Though labor data, like the market it measures, is a lagging macro indicator, there’s some use in closely tracking any changes to it.
Volcker’s Petrodollar Bigfoot; Or Why Curves Today Are So Against The Fed And Its Rate Hikes
One of the biggest intellectual crimes of the Volcker Myth is how it quashed what likely would have been fruitful further examination into the monetary designs of the actual global reserve system.
We Can Only Hope For Another (Bond) Massacre
To begin with, the economy today is absolutely nothing like it had been almost thirty years ago. That fact in and of itself should end the discussion right here. However, comparisons will be made and it does no harm to review them.
Inversions And Inventory, The Major Products Of October
What happened in October 2021? Market opinion about the balance of risks was transformed back in October, which not coincidentally happened to be when the flood of inventory began showing up.
Hard Data And Hard Truths Outside The Laundromat
Was this taking it a little too far, a little too obvious? Central bankers, since they aren’t real central bankers, their entire job is to project confidence. We get that.
Another Unnecessary Trip To The Laundry
It was likely inevitable, broad economic commentary sifting into the laundry yet again. With alarming regularity, every couple of years the idea and the term “decoupling” rears its filthy head as major global economies seem to diverge.
Long-End Inversion Does Indicate Recession Risks Are Actually Elevated
It only took a few days for more of the curve to bend upside-down, yet that just means the whole middle part is where the bad vibes are congregated.
The Dead Horse Bill Rides In On
It’s easier to ignore front-end T-bills, much more difficult to pretend the yield curve isn’t inverted.
Fed Already Denying Demand Destruction Which May Already Be Showing Up
The curves are where they are for grounded, fundamentally solid reasons.
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