Gold is the ultimate hedge, but it is far from perfect. Unlike, say, sovereign bonds there should be no expectation for a negatively correlated price. You can buy a UST or German bund even at negative yields and at least expect the price to rise when things are at their worst. Flight to safety or flight to liquidity. You can’t [...]
Why don’t you fight the Fed? Sure, central banks and governments give off the impression that they are in control. The idea is repeated as if a fact. We are led to believe they let markets play around in their contained spheres but should anyone get out of hand authorities are there like referees to make sure everything remains inbounds. [...]
Erik Townsend welcomes back Jeffrey Snider to MacroVoices for Part 4 of the Eurodollar University. Erik and Jeffrey discuss the failure of Primus and AIG back in 2008, the Gramm-Leach-Bliley Act, Henry Paulson and Glass–Steagall. They further discuss the Eurodollar system going parabolic in the 2000s, Banks manipulating regulations and the big picture end game of the Eurodollar system. The [...]
PART 3 here PART 2 here PART 1 here
https://www.podtrac.com/pts/redirect.mp3/www.macrovoices.com/podcasts/MacroVoices-2017-10-05-Eurodollar-University-Part-2.mp3
The folks at MacroVoices inform me that due to popular demand (yeah, I didn't know, either) they are accelerating the scheduled releases. Part 1 played in late August, which you can find here. Part 2 will be available this Thursday. Though still in the early days, Part 2 really starts to get into the transformations and how they work (as [...]
Erik Townsend welcomes back Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss: How Dollar becomes ‘Dollar’ -Bankers’ Acceptances -The Evolution of Eurodollars -Where do Eurodollars come from? -Money as interbank liabilities -What exactly are Eurodollars? -Transformation of banking into a wholesale model
Jeffrey Snider: All Signs Point to Global Systemic Reset
Stay In Touch