Making Sense

When most people hear the words “free market capitalism,” they immediately think of Wall Street. They picture stock traders yelling across a trading floor, financial news channels, quarterly earnings reports, and various asset prices flashing across a screen. And because that is the image people have in their heads, they often assume that capitalism means whatever happens in financial markets. Not even close. Eurodollar University's Money & Macro Analysis-------------------------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------Videos used:https://www.youtube.com/watch?v=FoCcbUs7DEghttps://www.justice.gov/atr/video-galleryhttps://www.youtube.com/watch?v=GjrFUEX5xFUhttps://www.youtube.com/playlist?list=PL907E60DC86957669https://thinktv.pbslearningmedia.org/resource/18e14deb-d7d6-4e42-9a5d-40595a2ee09d/trust-busting-the-roosevelts/kenburnsclassroom/https://www.youtube.com/watch?v=zIyClO7y6Mkhttps://www.youtube.com/watch?v=kPF7bU0RaTshttps://www.youtube.com/watch?v=mR6Z5fn2lqQhttps://www.cnbc.com/video/2026/02/04/crameras-mad-dash-ge-vernova.htmlI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/eduhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Gold is getting liquidated again. Silver, too. Why? The dollar is spiking. But why is the dollar spiking? Same reason TIPS are screaming and reinversion on the Treasury curve has become a very real possibility. The issue isn't those da*n dots, it's dollars. Ledger eurodollars and all these are nothing more than different perspectives of the same growing deflation tendencies. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------

The most important number in private credit right now is not a default rate. It's not a dividend yield or the size of the market. It's **16.8%**. That is how much of Apollo Debt Solutions' outstanding shares investors asked the firm to buy back in the second quarter. The reason that number is such a big deal is because last quarter, redemption requests were already high at around **11%**.So this is not fading or stabilizing. The bust is accelerating.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Britain just lost another prime minister. Keir Starmer, the man who came to power in 2024 with one of the biggest election victories in modern British history, resigned today after less than two years in office. But this is not just some Westminster drama. The real question today is this: Are President Trump and Republicans in Congress watching? Are they paying attention? Are they next?Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------https://www.foxnews.com/video/6399083401112https://www.nbcnews.com/video/shorts/uk-pm-keir-starmer-resigns-265455173994https://www.bbc.com/news/videos/c4ngz15zdl9ohttps://www.youtube.com/watch?v=Tf4hlUpKu70Burnham ally to unveil ambitious plan to reverse decades of privatisationhttps://www.theguardian.com/politics/2026/jun/21/burnham-ally-to-unveil-ambitious-plan-to-reverse-decades-of-privatisationhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Swiss bond yields are almost back at zero. The key two-year instrument yields just a couple of basis points and is very likely going to be negative again relatively soon. As we know, Swiss interest rates have very little to do with Switzerland. As a global money center, this is where money goes when it doesn't want to be anywhere else – even to the point international financials are willing to accept zero return to be there. Eurodollar University's conversation w/Steve Van Metre-------------------------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------China's $300 Billion Pile of Bad Consumer Debt Threatens Economyhttps://www.bloomberg.com/news/articles/2026-06-17/china-s-economy-recovery-threatened-by-300-billion-in-bad-consumer-debtChina's Tilt to Bonds From Loans Gives PBOC Broader Easing Toolhttps://www.bloomberg.com/news/articles/2026-06-18/china-s-tilt-to-bonds-from-loans-gives-pboc-broader-easing-toolhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Something very strange is happening in global markets and in particular one key eurodollar signal that hardly anyone pays much attention to. Everywhere you look, investors are acting like the party is back on. U.S. stocks are surging. Tech stocks are ripping. Semiconductors are 1999-ing it right now. But then there is Hong Kong. Its main stock index, the Hang Seng is not joining the celebration. It's going in the opposite direction and has for some time now. That's big because HK is a major Asian money center for not just mainland China. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------China's $300 Billion Pile of Bad Consumer Debt Threatens Economyhttps://www.bloomberg.com/news/articles/2026-06-17/china-s-economy-recovery-threatened-by-300-billion-in-bad-consumer-debtChina's Tilt to Bonds From Loans Gives PBOC Broader Easing Toolhttps://www.bloomberg.com/news/articles/2026-06-18/china-s-tilt-to-bonds-from-loans-gives-pboc-broader-easing-toolhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Oil prices are down big. And if you only looked at the headline, the explanation seems obvious: Iran peace deal, supply normalization, geopolitical risk premium coming out. Except that is not what the market is really saying. Or should I say markets plural. There is a lot going on across various curves that shed a very different light on the crude plunge. Big changes in Treasuries, huge, huge shift in TIPS, more than you'd think, and of course oil prices themselves. Eurodollar University's Money & Macro Analysis-------------------------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------Oil Market Report - June 2026https://www.iea.org/reports/oil-market-report-june-2026https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/eduhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Private credit is changing again. And this time, the story is not just that investors are still trying to pull money out. That is still happening, of course, with BlackRock the latest name too see a huge run. But now there is another problem. It is not only that current investors want out. It is that new investors aren't coming in. That is a much bigger shift.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------Private Equity Faces Reckoning With Struggle to Clear Buyout Backloghttps://financialpost.com/pmn/business-pmn/private-equity-urged-to-capitulate-to-clear-buyout-backlogPrivate credit boom cools as lending, flows slow sharplyhttps://www.reuters.com/legal/transactional/private-credit-boom-cools-lending-flows-slow-sharply-2026-06-05/Investors choosier about private markets after turbulence, say pension fund advisershttps://finance.yahoo.com/markets/stocks/articles/investors-choosier-private-markets-turbulence-134931562.htmlMorningstar Report Finds Semiliquid Fund Market Nears $600 Billion as Private Credit Loses Steamhttps://newsroom.morningstar.com/news/news-details/2026/Morningstar-Report-Finds-Semiliquid-Fund-Market-Nears-600-Billion-as-Private-Credit-Loses-Steam/default.aspxEssentials of Private Equityhttps://www.blackstone.com/pws/essentials-of-private-equity/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/eduhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

China just hit another record, though not the kind officials want to talk about. Not record growth. Not record confidence. Not record consumer spending. A record decline in household borrowing. Chinese households are not just borrowing less. They are pulling back at a pace we have not seen before in comparable data. And that is the real warning because this is exactly where China's worsening downturn becomes much harder to explain away.Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/eduhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Most people think they understand the dollar. When the dollar goes up, they think that means America is strong. Good economy. Good policy. Maybe the Federal Reserve is doing a good job and investors are “choosing America.” And when the dollar goes down, they think that must be bad. Inflation. Debasement. Money printing. The end of dollar dominance and the famous “dollar doom” story. But what if those are completely backwards?Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/eduhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

India is now being forced to ration diesel fuel for the first time maybe ever. At the same time, global stocks of crude oil are at their lowest since 2003. Even inventories here in the US have been drained to levels we haven't witnessed in 20 years. In other words, as hopes for a peace deal with Iran rise, our attention must now turn to this critical next stage. While the conflict might subside, hopefully, this thing is far from over. Eurodollar University's conversation w/Steve Van Metre-------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply---------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home-------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

The European Central Bank just raised rates on Thursday into an economy that is already shrinking. That sentence should sound familiar, because Europe has done this before. Not once. Twice. The two questions we now want to ask are, first, whether the ECB's action will pull others including the Fed into this rate hiking gambit. Second, how long could they hang on hawking before they have to turn around. And what can the markets tell us about both. Eurodollar University's Money & Macro Analysis-------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply---------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home-------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Gold and silver have been crushed this week and we need to not only explain why, just as important what this drop is telling us about more than precious metals. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------

The Asian currency crisis is escalating and it's forcing governments all over the region to get desperate. From India to Indonesia, South Korea and Japan, their situations are becoming a genuine threat to stability. When a country's currency falls because of a dollar shortage, it is not just a foreign-exchange problem. It is not just a bad day on a currency chart. It can become a destabilizing feedback loop.Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

What Is a Credit Cycle — and Where Are We in It? These are questions that keep coming up with everything that's happening in…the credit market. Not just private credit and shadow banks, but thinking more broadly. Those are where all the downside signals are strongest and where all the excitement is right now. But credit cycles go beyond one sector's garbage lending and cockroach production. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Bond yields rose sharply on Friday, but why? What you'll hear is that inflation and a strong economy will force the Fed to hike. But that's only half true – the possibility of the rate hike. All the rest of it, not so much. Both markets and American consumers agree wholeheartedly on all of it. In fact, on Friday, inflation expectations in Treasuries dropped to their lowest levels since early March. Yeah, lowest since the start of the conflict and they were never high to begin with.  Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

We're used to seeing this kind of thing out of the payroll reports, but I don't think anyone really expected this. Red flags are up all over the May data, coming from all sides. Not the least of which is the context behind all the big problems in the numbers. When dollar stores complain that consumers are no longer able to buy food from dollar stores, you know everything is really out of whack. Eurodollar University's conversation w/Steve Van Metre----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------US Small Business Hiring Plans Drop to Lowest Since May 2020https://www.bloomberg.com/news/articles/2026-06-04/us-small-business-hiring-plans-drop-to-lowest-since-may-2020Five Below Slides After Profit Beat as Retailer Flags Consumer Hit Over Oil High Priceshttps://www.bloomberg.com/news/articles/2026-06-03/five-below-slides-after-profit-beat-as-retailer-flags-caution-over-consumerhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Europe is preparing its public for something it has tried to avoid for years: a trade fight with China. While all eyes are on Iran and oil, the energy shock is only adding more urgency to a brewing economic battle between two of the world's biggest markets. According to recent reports, the European Commission has already held closed-door discussions about the next steps against Beijing. The global trade wars are about to blow open.Eurodollar University's Money & Macro Analysis-------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply---------------------------------------------------------------https://www.youtube.com/TheEconomist5 EU countries call for tougher trade weapons to tackle Chinahttps://www.politico.eu/article/eu-china-economy-germany-tougher-trade-weapons/Left With Few Choices, EU Braces for a Trade Fight With Chinahttps://www.bloomberg.com/news/articles/2026-06-03/left-with-few-choices-eu-braces-for-a-trade-fight-with-chinahttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Blackstone's flagship private credit fund just did something it had never done before. Investors tried to pull out about 10% of the fund's shares. Blackstone finally and for the first time ever said, NO. The $79 billion Blackstone Private Credit Fund, known as B-CRED, told shareholders it would only allow 5% of shares to be redeemed. And this is where the story gets uncomfortable.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Blackstone's BCRED Caps Redemptions After Investors Seek 10%https://www.bloomberg.com/news/articles/2026-06-04/blackstone-bcred-joins-private-credit-funds-limiting-redemptionsAres' Jacobson Slams ‘Disconnect' Over Private Credit Headlineshttps://www.bloomberg.com/news/articles/2026-06-04/ares-jacobson-slams-disconnect-over-private-credit-headlinesPrivate Credit's Reckoning Is Written in the ‘Laws of Physics'https://www.bloomberg.com/news/articles/2026-06-03/private-credit-s-reckoning-is-written-in-the-laws-of-physicsAres Owed $547 Million After Collapse of Textor's Eagle Footballhttps://www.bloomberg.com/news/articles/2026-06-03/ares-owed-547-million-after-collapse-of-textor-s-eagle-footballhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

The private credit bust is no longer staying inside private credit. Investors are now pulling money out of a major Swiss private **equity** fund. As the guy once said, this is a big f-ing deal. For months, the story was supposed to be contained. A few private credit funds had redemption pressure. A few non-traded BDCs had to limit withdrawals. Some flighty investors supposedly misunderstood the liquidity terms. The industry's defense was simple: this is not a credit crisis. This is just a liquidity education problem.Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------Fresh Investor Retreat Reignites Debate on Private Credit Peakhttps://www.bloomberg.com/news/newsletters/2026-06-03/fresh-investor-exits-test-private-credit-faithfulPartners Caps Evergreen Fund Redemptions as Requests Risehttps://www.bloomberg.com/news/articles/2026-06-03/partners-group-gates-evergreen-fund-as-redemption-requests-riseWeakest BDCs' Bonds Risk Downgrade to Junk Within Six Monthshttps://www.bloomberg.com/news/articles/2026-05-29/weakest-bdcs-bonds-risk-downgrade-to-junk-within-six-monthsCliffwater Private Credit Fund Stung by 17% Redemption Requestshttps://www.bloomberg.com/news/articles/2026-06-02/cliffwater-private-credit-fund-stung-by-17-redemption-requestshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

European banks are doing something that looks irrational. The European Central Bank is increasingly likely to raise its short-term policy rates again. Oil prices are still elevated. Energy costs are feeding into headline inflation. ECB officials keep coming on hawkish. And normally, if you believe short-term rates are going higher, the last thing you're going to do is rush into government bonds. But European banks are doing exactly that. And in huge amounts. Eurodollar University's Money & Macro Analysis-------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply---------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/k4lMFDZ or code euro50 for 50% Off Monarch Core tier.Oil is rebounding again and we have to ask whether it might be the final blow for an economy that was already on the edge to begin with. After all, in yesterday's video, steve and I showed you the income data that looks just like a recession. The energy shock is turning into something bigger. It is hitting consumers through gasoline and utility bills. It is hitting businesses through transportation, plastics, chemicals, shipping, and margins. It is hitting importers through their trade balances. And because oil is priced in dollars, we also have to consider the dollar part of this. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/eduhttps://youtu.be/olx4TSSz71w

Did a recession strike the US economy starting in October? Not just the forgot how to grow kind we've been grappling with for the last several years, but the all-out, NBER-style, full-blown contraction. Take a look at the data and the charts in this video, let's see what you think. And that data is coming from income series the NBER itself uses when it decides the recession question. Eurodollar University's Conversation w/ Steve Van Metre----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------CEOs Turn Pessimistic About US Economy as Supply Risks Mounthttps://www.bloomberg.com/news/articles/2026-05-28/ceos-turn-pessimistic-about-us-economy-as-supply-risks-mounthttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Canada just “unexpectedly” fell into a technical recession. But the important part is not just that Canada contracted. The important part is that Canada's contraction is lining up with the same weakness now spreading through France, the UK, Germany, Sweden, Mexico, and increasingly the rest of the global system. As one result, central bankers hawkishness is starting to seriously evaporate.Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUStarting today, I'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Private credit has a new problem, and this one is different. For months, the story has been retail investors pulling money from private credit funds. But now we have something else. A Swiss pension fund redeeming shares from a Vista private credit vehicle helped force that fund to limit withdrawals. And that's before asking the question: is software credit the new subprime mortgage?Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------One Big Private Credit Investor Forced Vista's Fund to Limit Redemptionshttps://www.bloomberg.com/news/articles/2026-05-27/one-big-private-credit-investor-forced-vista-s-fund-to-limit-redemptionsNew CLOs at Blackstone, Guggenheim Boast Key Perk: Less Softwarehttps://www.bloomberg.com/news/articles/2026-05-27/new-clos-at-blackstone-guggenheim-boast-key-perk-less-softwarePrivate Credit's Exposure to Ailing Software Industry Is Bigger Than Advertisedhttps://www.wsj.com/finance/investing/private-credits-exposure-to-ailing-software-industry-is-bigger-than-advertised-d80da378Cracks in Private Credithttps://www.goldmansachs.com/pdfs/insights/goldman-sachs-research/cracks-in-private-credit/TOM_private%20credit_Redacted.pdfMyth-busting: Private credit liquidityhttps://blog.landg.com/categories/investment-strategy/myth-busting-private-credit-liquidity/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

JPMorgan just took the Goldilocks off the table. That is not a minor forecast change or some little tweak to a spreadsheet buried on page 47 of a Wall Street outlook. When one of the biggest banks in the world says “Goldilocks is leaving the building” and starts worrying about a **negative growth shock**, what they're really saying is something big has changed. Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------'Goldilocks is leaving the building': JPMorgan predicts negative growth shockhttps://www.msn.com/en-us/money/markets/goldilocks-is-leaving-the-building-jpmorgan-predicts-negative-growth-shock/ar-AA24066QSahm Says Sahm Rule Meant To Be Brokenhttps://www.bloomberg.com/news/videos/2024-08-08/claudia-sahm-says-the-sahm-rule-was-meant-to-be-broken-videohttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Home prices are now doing something they were not supposed to do. After years of being told that housing was poised to make a strong comeback and that prices were going to accelerate upward, the latest national housing data is saying something very different: the lowest price rate in fourteen years, going all the way back to the bottom of the Big Housing Bust in 2012.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

For the first time in this cycle, the money going out of major private credit vehicles has surpassed the money coming in. That is the headline, how private credit machine is now facing sustained investor outflows. Stage 2. And here's the other big part of that – these net outflows are indeed forcing asset sales onto an industry that was never really built for this. That means we're already deeper into Stage 2 than most people would think.  Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------Private Credit BDC Redemptions Exceed Fundraising for First Timehttps://www.bloomberg.com/news/articles/2026-05-14/private-credit-bdc-redemptions-exceed-fundraising-for-first-timePrivate Credit's Unthinkable Becomes Reality as Trading Revs Uphttps://www.bloomberg.com/news/articles/2026-05-21/private-credit-s-unthinkable-becomes-reality-as-trading-revs-upFitch Ratings' U.S. Private Credit Default Rate Hits a High of 6.0% in April 2026https://www.fitchratings.com/research/corporate-finance/fitch-ratings-us-private-credit-default-rate-hits-high-of-6-0-in-april-2026-18-05-2026?cs=0&hl=en-US&biw=1600&bih=731Private Credit Fund Touts Quick Profit Buying Debt at 65 Centshttps://www.bloomberg.com/news/articles/2026-05-05/private-credit-fund-touts-quick-profit-buying-debt-at-65-centsGoldman Sachs Private Credit Fund's Share of Bad Loans Riseshttps://www.bloomberg.com/news/articles/2026-05-07/goldman-sachs-private-credit-fund-s-share-of-bad-loans-increasesHSBC Drags Feet on $4 Billion Private Credit Investment Efforthttps://www.bloomberg.com/news/articles/2026-05-15/hsbc-drags-feet-on-4-billion-private-credit-investment-effortAMP Trims ‘Frothy' Private Credit Assets in Investment Pivothttps://www.bloomberg.com/news/articles/2026-05-18/amp-trims-frothy-private-credit-assets-in-investment-pivothttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

While rumors and reports swirl about a possible Iran deal, the clock is still ticking for an economy that's way too close to the point of no return on the energy shock. In fact, for Europe, there is a nontrivial chance it's already gone past. With the latest data out on Friday, the economic numbers for May so far got slammed. It increasingly looks like Europe may have already gone over the cliff with S&P describing France as in a quote “dire” situation.Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------What is a Eurodollar University membership? It's where understanding the monetary world isn't a mystery—it's a method. If you're serious about your financial education and want clarity in a world of volatility and massive uncertainty, you're in the right place. Or go even deeper with our Deep Dive Analysis. Get all the tools to fill in the huge gaps you didn't even know were there. Click the link to visit https://eurodollar.university/memberships and join today.---------------------------------------------------------------------------SPG France May 2026 PMIhttps://www.pmi.spglobal.com/Public/Home/PressRelease/f0ad28c72bfd49949cf67d52daf16aeeSPG Eurozone May 2026 PMIhttps://www.pmi.spglobal.com/Public/Home/PressRelease/cfc7983038764cd0bf61ed86b6d27a52https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The dollar is rising again, and this time the pressure is showing up right across Asia. The Japanese yen is weak.  The South Korean won is tumbling.  The Indonesian rupiah is crashing. The Indian rupee keeps finding new ways to give officials fits. At the same time the dollar is rising against these Asian currencies, the very front of the U.S. dollar interest-rate market is doing something absolutely incredible. Shocking even. Completely the opposite of what you'd think. And here's the thing – these two developments are related. Why the dollar is hammering Asia most of all and how that would play out in rates. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Lowe's had some more bad news about the American consumer. CEO Marvin Ellison said “This has been the most difficult housing market that I have faced in this business since the financial crisis.” Lowe's is hardly alone. Walmart said higher income shoppers are still trading down while lower income Americans are, well, they're running out of their tax refund money. And then there is Kroger. Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------Flash PMI signals subdued growth in May amid price surgehttps://www.pmi.spglobal.com/Public/Home/PressRelease/d7a15ea4f43c4e3493db3814db67ad99Lowe's CEO says this is the 'most difficult housing market' since the financial crisishttps://finance.yahoo.com/markets/stocks/article/lowes-ceo-says-this-is-the-most-difficult-housing-market-since-the-financial-crisis-170512082.htmlKroger Plans Biggest Price Cuts In Years to Take On Walmart, Costcohttps://www.bloomberg.com/news/articles/2026-05-21/kroger-plans-biggest-price-cuts-in-years-to-take-on-walmart-costcohttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Treasury yields have finally made a sizable move upward. The 2-year Treasury has pushed to new multi-month highs. The 10-year got as high as 4.70%. And instantly, the usual question shows up:Is the bond market finally repricing real inflation risk? Or is this another hurricane warning where everyone looks at the headline number, panics for five minutes, and misses what the curve is actually saying? Make that curve-S.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

China's downturn just produced a major hit and it has officials stumped. It was the kind of bad that confirms almost everything already showing up in China's credit data, banking system, property market, and bond market. Retail sales nearly cracked. Worst month since the lockdowns. Fixed asset investment is crashing again. Yes, crashing. Industrial production, which had been one of the few remaining bright spots, suddenly didn't look so bright. Home prices were down for the twelfth straight time. It was ugly in every direction. Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The Justice Department is now probing valuations at a BlackRock private credit fund. That sentence should stop everyone cold. Not because BlackRock is about to disappear. It isn't. Not because one fund valuation probe means anyone has been proven to have done anything wrong. It doesn't. A probe is not a conviction, and we need to be clear about that. But because the single biggest weakness in private credit has always been valuations.Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------What is a Eurodollar University membership? It's where understanding the monetary world isn't a mystery—it's a method. If you're serious about your financial education and want clarity in a world of volatility and massive uncertainty, you're in the right place. Or go even deeper with our Deep Dive Analysis. Get all the tools to fill in the huge gaps you didn't even know were there. Click the link to visit https://eurodollar.university/memberships and join today.---------------------------------------------------------------------------BlackRock Private Credit Fund's Valuations Are Probed by DOJhttps://www.bloomberg.com/news/articles/2026-05-15/blackrock-private-credit-fund-s-valuations-being-probed-by-dojBuybacks, Revamps, Deals: Firms Dig Deep to Fix Problem Private Credit Fundshttps://www.bloomberg.com/news/articles/2026-05-14/private-credit-crisis-has-kkr-apollo-blackrock-tackling-problem-fundsCarlyle BDC Cuts Dividend Even As It Flags Better Credit Markethttps://www.bloomberg.com/news/articles/2026-05-11/carlyle-bdc-cuts-dividend-even-as-it-flags-better-credit-marketBlue Owl Says It Will Be More Selective Making Software Loanshttps://www.bloomberg.com/news/articles/2026-05-06/blue-owl-bdcs-buy-back-85-million-of-shares-as-loan-values-sinkhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

While the ECB and other central banks, maybe even the Fed, are likely to overreact to oil prices by raising their policy rates, suddenly that possibility isn't so straightforward. Even in Europe where policymakers are the most aggressively hawkish, several officials have come forward expressing major doubts on the inflation narrative, focusing instead on what's already going on with demand especially for workers. And that's not oil, two of the world's leading energy agencies just slashed their own demand forecasts to levels you only see in periods like 2020 or 2009. Eurodollar University's conversation w/Steve Van Metre----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

India is now doing what governments do when the dollar problem starts getting too close to the bone: it is looking for imports it can cut, restrict, tax, license, delay, or possibly even ban. And right at the top of that list sits gold and silver. That might sound like a metals story. It isn't. Not entirely. It's a dollar story, though with a key twist for precious metals. Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUEurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Everyone is talking about the Trump-Xi summit as if this is going to be some decisive turning point for China, global trade, maybe even the whole world economy. And, sure, politically, it's a huge deal. Markets love the idea of the two leaders in the same room because everyone wants to believe a handshake can undo tariffs, trade wars, supply chain chaos, and years of deteriorating relations.But the latest bank lending data out of China says something VERY different. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------https://www.youtube.com/watch?v=8b7ub5T4fYkhttps://www.youtube.com/watch?v=Pang-t16vNwhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Two of the oldest political parties are in danger of being completely wiped out in the UK. Rate of change in the economy goes down, rate of change in politics goes way up. Both the Labor and Tories are on the ropes right now, especially labor after the latest local election results were a bloodbath for them. An entirely new UK system is right now emerging from the aftermath – but aftermath of what? A huge warning. Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------What is a Eurodollar University membership? It's where understanding the monetary world isn't a mystery—it's a method. If you're serious about your financial education and want clarity in a world of volatility and massive uncertainty, you're in the right place. Or go even deeper with our Deep Dive Analysis. Get all the tools to fill in the huge gaps you didn't even know were there. Click the link to visit https://eurodollar.university/memberships and join today.---------------------------------------------------------------------------French Jobless Rate Jumps Above 8% for First Time Since 2021https://www.bloomberg.com/news/articles/2026-05-13/french-unemployment-jumps-above-8-for-first-time-in-five-yearsFarage's Reform UK wins big in local elections, splintering two-party system and piling pressure on Starmerhttps://www.cnn.com/2026/05/08/uk/uk-local-election-reform-farage-starmer-intlhttps://www.bbc.com/news/live/c1428pev1n0thttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The stock market was going to boom either way. Payrolls could have been plus 200 or minus 200, indexes were going to soar no matter what. Either the economy is robust or the other would mean the Fed will be forced to cut a lot of rates. But what the jobs data actually showed, no one was looking for. Complete shock yet again. Sure, the payroll number did what the payroll number always does, it was everything else. Eurodollar University's conversation w/Steve Van Metre--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Five major developments in the credit crisis/bust. BlackRock, JP Morgan, Blue Owl, Apollo and another big run on a big fund. Private credit didn't go anywhere, the situation keeps escalating and each one of these represents more significant confirmation of the shift toward toxic waste status. From asset valuations to more losses at big names, the behavior has radically changed. Eurodollar University Money & Macro AnalysisGundlach Warns Investors Will Lose Money on Private Credithttps://finance.yahoo.com/markets/stocks/articles/gundlach-warns-investors-lose-money-200041360.htmlBlackRock Private Credit Fund Cuts Asset Value on Markdownshttps://www.bloomberg.com/news/articles/2026-05-07/blackrock-private-debt-fund-cuts-asset-value-on-loan-markdownsJPMorgan-Led Group Eyes $500 Million Loss on Qualtrics Debthttps://www.bloomberg.com/news/articles/2026-05-06/jpmorgan-led-group-eyes-500-million-loss-on-qualtrics-debtBlue Owl adviser sued over allegedly inflating fund values, charging excessive feeshttps://www.reuters.com/legal/litigation/blue-owl-adviser-sued-over-allegedly-inflating-fund-values-charging-excessive-2026-04-28/Apollo CEO Rowan warns of market correction, slams ‘egregious' practices at rival insurershttps://www.cnbc.com/2026/05/06/apollo-ceo-rowan-market-correction-rival-insurers.htmlApollo to Give Investors Daily Pricing on Private Credit By Septemberhttps://www.wsj.com/finance/investing/apollo-to-give-investors-daily-pricing-on-private-credit-by-september-44a2c84b$10 Billion Golub Fund Caps Outflows After Requests for 8.5%https://www.bloomberg.com/news/articles/2026-05-07/-10-billion-golub-fund-caps-outflows-after-requests-for-8-5

McDonald's CEO says the consumer environment is certainly not improving and may be getting a little worse after the company reported better than expected past results. Those mainly before the gas prices jumped. Jumping over to big ticket items like appliances, Whirlpool, the company that employs the Maytag Man, it compared the current consumer climate to  – not joking – 2008-09 as the cracks of demand destruction are indeed beginning to grow wider and becoming more noticeable. The Maytag man is somewhere right now polishing his resume. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------McDonald's CEO says consumer spending could be ‘getting a little bit worse'https://www.cnbc.com/2026/05/07/mcdonalds-mcd-q1-2026-earnings.htmlEarnings call transcript: Whirlpool Q1 2026 results fall short, stock dropshttps://ca.investing.com/news/stock-market-news/earnings-call-transcript-whirlpool-q1-2026-results-fall-short-stock-drops-93CH-4618415April 2026 National Poll: Iran, the economy, and the 2026/2028 electionshttps://www.generationlab.org/state-of-young-peopleChallenger Gray & Christmas April 2026https://www.challengergray.com/blog/challenger-report-april-job-cuts-rise-38-from-march-ytd-cuts-down-50/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The stock market was not happy with HSBC. The banking giant reported what should have been a small nothing, a $400mm loss on a loan to an Irish entity with a name that sounds like a Star Wars droid. AGF WHCO 1-A5. But that $400mm loan and loss ended up pulling back the curtain a little more on the current credit crisis. As did the comments from Apollo's CEO, where he used the words “contagion” and “egregious.” Eurodollar University's Money & Macro Analysis-----------------------------------------------What is a Eurodollar University membership? It's where understanding the monetary world isn't a mystery—it's a method. If you're serious about your financial education and want clarity in a world of volatility and massive uncertainty, you're in the right place. Ready to explore? Master monetary systems – past and future - with structure, clarity, and confidence. Visit https://eurodollar.university/membership-------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

According to the Energy Information Administration, the national average price for gasoline was $4.26 per gallon at the end of April and it was largely stable throughout last month. Not good. Certainly painful. But wholesale gas price has exploded higher in recent weeks and that means retail gas prices are about to do the same thing. The wholesale cost points to a nationwide pump price of $5. Not next month, soon.  Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------Just a Few Stocks Driving S&P 500 Rally Triggers Dot-Com Bubble Flashbackshttps://www.bloomberg.com/news/articles/2026-05-05/dot-com-bubble-flashbacks-triggered-by-lack-of-s-p-500-breadthRCM/TIPP Steadies In May As Stress Easeshttps://www.realclearmarkets.com/articles/2026/05/05/rcmtipp_steadies_in_may_as_stress_eases_1180584.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

We know how central bankers are just itching to raise policy rates and all over the world, led primarily by those in Europe. The hawkishness is already spreading. Just today, an official from South Korea's central bank said, hey, oil prices up we need to think about some hikes, too. But what are the markets pricing? It's not what you'd think.  What do the curves look like for now but also beyond the near-term? In a word, frown.     Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Will this week's economic data be enough to keep central bankers from chasing oil prices with rate hikes? Europe was barely positive. Canada bounced back but that's two up and two down over the last year. Mexico, which, keep in mind, is a proxy for the US, big time contraction. And the US itself missed with weakness all over consumers. All that before the full energy shock weighs in.Eurodollar University's conversation w/Steve Van MetreLearn more about Augusta Gold and what they have to offer - including physical gold for IRA accounts - by going to https://EurodollarGold.com or text EURO to 35052. https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/8CnCd5q or code euro50 for 50% Off Monarch Core tier.The Japanese government, working through the Bank of Japan, just set $35 billion on fire. Then flushed it down the toilet. And if that wasn't enough, officials in Tokyo are talking about embarrassing themselves in the oil market. Wasting five and half trillion yen in FX wasn't enough, throw some more money down the hole and all for the public spectacle of it. What a world we live in. Unfortunately for them, and for their counterparts in India, this is the eurodollar's world. Eurodollar University's Money & Macro AnalysisPhone Warning Shows Yen Intervention Is the New Normalhttps://www.bloomberg.com/opinion/articles/2026-05-01/katayama-phone-warning-shows-yen-intervention-is-the-new-normalYen's Correlation With Oil Hit 2021 High Before Interventionhttps://www.bloomberg.com/news/articles/2026-05-01/yen-s-correlation-with-oil-hit-2021-high-before-interventionJapan Is Said to Sound Out Market on Oil Futures Interventionhttps://www.bloomberg.com/news/articles/2026-03-24/japan-is-said-to-sound-out-market-on-oil-futures-interventionRBI's Short Dollar Book Surges Past $100 Billion for First Timehttps://www.bloomberg.com/news/articles/2026-04-30/rbi-s-short-dollar-book-surges-past-100-billion-for-first-timehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

We know when Walmart or Dollar General are doing well, those are not good signs for the health of the consumer economy, particularly when it's higher income shoppers suddenly appearing in bigger numbers. But when that hard hit traffic starts spilling over to the local pawn shops, it's a whole other level. Canaries and coalmines. Here's the thing. We're not only seeing that happen, the data backs this up, including a whole bunch which released earlier today.Eurodollar University's Money & Macro Analysis-----------------------------------------------What is a Eurodollar University membership? It's where understanding the monetary world isn't a mystery—it's a method. If you're serious about your financial education and want clarity in a world of volatility and massive uncertainty, you're in the right place. Ready to explore? Master monetary systems – past and future - with structure, clarity, and confidence. Visit https://eurodollar.university/membership-------------------------------------------------Pawn shop economyhttps://www.msn.com/en-us/money/topstocks/pawn-shops-are-seeing-something-the-stock-market-isn-t-and-it-has-economists-concerned/vi-AA21Rt7fPowell Press Conference Transcript and Videohttps://www.federalreserve.gov/live-broadcast.htmhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

European banks just told the ECB they are tightening lending standards by the most since 2023. At the same time, the pick up in loan demand they're seeing is due to heightened liquidity pressures as the energy shock has especially corporate borrowers in Europe on edge. This is why despite knowing the ECB is very likely to raise its policy rates at some point, probably not tomorrow but very likely its next meeting in June, European banks bought a boatload of bonds anyway.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

A week ago, the UAE said it was in consultation with the US government trying to arrange a dollar swap line. Since then, Treasury Secretary Bessent told Congress MANY allies were, too, and not just those in the Middle East. Just hours ago, huge news as the UAE says it's outright leaving OPEC. There is big stuff going on behind the scenes because the energy shock is indeed a dollar shock and much bigger than people think, and the chances of becoming uncontained are not trivial.Eurodollar University's Money & Macro AnalysisUAE to Leave OPEC in May as Iran War Reshapes Oil Markethttps://www.bloomberg.com/news/articles/2026-04-28/uae-to-leave-opec-and-opec-next-month-to-pursue-new-strategyBessent Says Gulf, Asian Allies Requested Currency Swap Lineshttps://www.bloomberg.com/news/articles/2026-04-22/bessent-says-many-us-allies-in-gulf-asia-requested-swap-linesPimco's $10 Billion Private Deals Fuel Middle East's Wartime Cash Questhttps://www.bloomberg.com/news/newsletters/2026-04-27/pimco-buys-abu-dhabi-qatar-kuwait-private-bonds-dubai-homes-prices-fallDubai's DIFC introduces temporary economic support for businesses, retail communityhttps://www.reuters.com/world/middle-east/dubais-difc-introduces-temporary-economic-support-businesses-retail-community-2026-04-09/

Interest rates going up. Oil prices big problem. The stock market kept soaring, but even though the S&P 500 gained 20% that year more stocks in the index ended 1999 down than up. There are some similarities between now and '99 and one of those is how far companies will go to make sure they aren't one of those on the outside looking in. CEOs today are all over AI hype, but they're lying to you about it. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------THE YEAR IN THE MARKETS; 1999: Extraordinary Winners and More Losershttps://www.nytimes.com/2000/01/03/business/the-year-in-the-markets-1999-extraordinary-winners-and-more-losers.htmlBank of England Official Says Share Prices Don't Reflect Riskshttps://www.bloomberg.com/news/articles/2026-04-24/bank-of-england-official-says-share-prices-don-t-reflect-riskshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Back in April 2020, oil prices went negative after the futures market underestimated just how much demand had collapsed, causing chaos as market participants scrambled to unload their oil. Here in April 2026, the oil futures market is in danger of something similar but in the opposite direction. Certain market participants just may be underestimating how much supply has collapsed. Worrying that might be the case, the Dallas Fed surveyed oil industry companies about what they're seeing and where they think the Hormuz blockage is leading the energy marketplace. You're not going to like it. Eurodollar University's Money & Macro Analysis-----------------------------------------------What is a Eurodollar University membership? It's where understanding the monetary world isn't a mystery—it's a method. If you're serious about your financial education and want clarity in a world of volatility and massive uncertainty, you're in the right place. Ready to explore? Master monetary systems – past and future - with structure, clarity, and confidence. Visit https://eurodollar.university/membership-------------------------------------------------Dallas Fed Energy Survey Q1 2026 updatehttps://www.dallasfed.org/research/surveys/des/2026/2601/2601updateOil Trader Andurand Lost 52% in April First Half on Oil Betshttps://www.bloomberg.com/news/articles/2026-04-23/andurand-lost-52-in-april-first-half-as-ceasefire-hurt-oil-betsThe world is watching the wrong oil pricehttps://www.telegraph.co.uk/business/2026/04/23/the-world-is-watching-the-wrong-oil-price/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU