“The Fed lied. Now they’re doing it again,” Jeff Snider
2023-01-30
Jeff Snider is Chief Strategist for Atlas Financial and co-host of the popular Eurodollar University podcast.
It’s a really bad sign for everyone. Just don’t call it unexpected.
2023-01-28
Intel’s earnings and guidance were truly epic, for all the wrong reasons. Heed these big name warnings, which are only too consistent with market positions and increasingly economic data. They are all pointing us toward a near-term future which is likely to produce a lot of tears before it’s over.
This is what always happens before falling through the floor.
2023-01-27
US GDP data was solidly – recessionary. There’s no soft landing here; on the contrary it is following the established pattern. The economy isn’t rebounding, it is highly unstable in the same way as what happened just prior to previous recessions. Looking into the report’s details confirms the interpretation.
Time has run out and there’s no escaping what’s next.
2023-01-26
Government officials and politicians, even stock market “analysts”, these are the last people you want to depend on for useful macro analysis. What is dependable has been unmistakable if you haven’t been distracted.
The real story behind China’s ditch of Zero-COVID begins w/its dead tiger.
2023-01-03
Chinese officials have changed course about the pandemic. Why? Rather than recent protests, there is almost certainly another reason even bigger than COVID. The U-turn coincides with a deeper mystery – of sorts – as to China’s biggest foe. And that’s not the United States.
Xi Jinping’s vulgar display of power – and its target – was intended specifically for you and me.
2022-10-25
Hu Jintao wasn’t just Xi Jinping’s predecessor. Hu was a technocrat who represented a different method for pursuing the Chinese socialist agenda, one that shared more in common with the rest of the world.
As dollar woes get worse, why don’t the Fed’s swap lines work? Let’s answer that question.
2022-10-15
China, India, emerging markets. Suddenly the UK, but everyone incorrectly presumes the pound’s problems start in London. Well, they do, all of it does.
Banks had warned, SOFR doesn’t work and that’s a huge problem (in case you hadn’t noticed).
2022-10-06
LIBOR was called a crime of the century when its real crime was exposing the truth. Money is eurodollars, not dollars. But in the guilty bureaucrats’ push to cover all this up by replacing LIBOR with SOFR, they refused to understand how SOFR is not a suitable alternative. Now it’s breaking down just the way authorities had been warned; at the worst possible time, too.