jsnider

About Jeffrey P. Snider

Jeff is the Head of Global Research at Alhambra. Though his work makes it sound like he is an economist, he is no such thing. Rather, through intense personal study he has developed a very different sense of especially the hidden inner workings of the global monetary system - beginning with the fact that it is a global money system. With a very unique starting point, Alhambra's research truly begins in a way that no one else's does.

Epic Flip Flop; From Surefire Inflation to ‘Muted’ in Three Weeks

By |2019-01-09T16:10:46+00:00January 9th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

And like that, it’s all different. For more than a year, two years, really, we’ve heard constantly about wage pressures. The US economy buoyed by several domestic factors as well as globally synchronized growth was in danger of getting too far out of hand. The unemployment rate said it was time – three years ago [...]

The Minus Signs Return…

By |2019-01-08T12:13:55+00:00January 7th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Ambiguity favors the path of least resistance. If there isn’t any direct refutation of the thing everyone believes in, everyone will continue to believe in that thing and only that thing. Human nature. In economy terms, people respond near exclusively to negative numbers. This is less evolution and more a process of modern times. There [...]

If You’ve Lost The ISM…

By |2019-01-04T16:58:03+00:00January 4th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

These transition periods are often just this sort of whirlwind. One day the economy looks awful, the next impervious to any downside. Today, it has been the latter with the BLS providing the warm comfort of headline payrolls. For now, it won’t matter how hollow. Yesterday, completely different story. Apple got it started downhill and [...]

Trend-Cycle or Payrolls?

By |2019-01-04T12:11:26+00:00January 4th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On Friday, February, 2, 2001, the BLS reported stellar headline numbers for its Employment Situation release. Preliminary estimates for the Establishment Survey suggested US payrolls had gained +268k in the month of January. To put it in perspective, that would equate to +324k in today’s population, or a bit better than the latest figure. The [...]

The Politics of Spreading Inversion(s)

By |2019-01-03T18:14:44+00:00January 3rd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Clothed in immense self-denial, hung up on absurd self-confidence, Federal Reserve officials gathered on August 7, 2007, to discuss how things really weren’t as bad as everyone seemed to think. There were several key conversations taking place at the FOMC meeting held then all leading nowhere. Policymakers would literally laugh off obvious distress in crucial [...]

Nothing To See Here, It’s Just Everything

By |2019-01-02T17:21:43+00:00January 2nd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The politics of oil are complicated, to say the least. There’s any number of important players, from OPEC to North American shale to sanctions. Relating to that last one, the US government has sought to impose serious restrictions upon the Iranian regime. Choking off a major piece of that country’s revenue, and source for dollars, [...]