Making Sense

Jobs report for September completely reverses August's. The ugly headline is only the start given the vastly more important implications which connect jobs to incomes and then everything else from the Fed, bond yields and the inflation debate, which the data shows isn't one. But why do officials hold out anyway? The numbers answer that question, too. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------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

Credit spreads have exploded in recent weeks, and not just the triple hooks. It has spread to other parts of the public market. And now that September has finished up, we might finally get more fundamental trading in USTs. Part (much?) of the recent selloff has been, well, three September effects. I'll explain what those are/were and what that might mean. It did for Oct 1.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------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

You would think this would be McDonald's moment. When household budgets are under pressure, when consumers are trading down, and when price suddenly means everything, McDonald's should be thriving. It's not. This isn't happening in isolation. Consumer confidence plunged – and I mean plunged - in September to its lowest level since 2014—and that's according to the Conference Board, typically the most optimistic of the major confidence surveys. And those are just the beginning...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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.kgns.tv/video/2026/09/23/mcdonalds-announces-more-than-85-billion-modernization/https://www.facebook.com/cnbc/videos/mcdonalds-announced-that-it-is-revising-its-us-value-strategy-after-recording-it/1459850142622583/https://www.bloomberg.com/news/videos/2026-09-30/us-consumer-spending-jumps-by-most-in-a-year-videohttps://www.bloomberg.com/news/videos/2026-09-29/us-consumer-confidence-drops-as-gas-prices-rise-videohttps://www.youtube.com/watch?v=svw7BhJCuVghttps://www.kvoa.com/video/burger-bowls-and-ai-mcdonalds-plans-massive-8-5-billion-comeback/video_8faa9417-69f2-5917-8235-372e5a17074b.htmlhttps://www.youtube.com/watch?v=q2jKWlA-UjMhttps://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

A leaked S-1 that filled in a lot of missing pieces. Maybe, for Anthropic and the AI bubble, too much. The upshot is...this time is never different. Plus, we really have to hope this sucker pops soon. Letting this thing go much longer risks much more than stocks. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.reuters.com/business/finance/anthropics-ipo-prospectus-shows-sweeping-ai-vision-surging-costs-2026-09-28/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

Just months after PepsiCo slashed prices by as much as 15% to win back cash-strapped shoppers, the company is preparing to **raise** them again. The cuts were supposed to revive demand after prices for some bags of chips climbed above seven dollars. But they didn't work. In July, the company admitted consumers were under even more strain than expected.Now Pepsi is trapped. And Pepsi isn't alone...Eurodollar University's conversation w/Steve Van Metre----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.youtube.com/watch?v=46b6uFNBRN8https://www.youtube.com/watch?v=b5oxq2Bw7ewhttps://www.bloomberg.com/news/articles/2026-09-24/pepsico-to-raise-some-prices-after-cuts-failed-to-grow-saleshttps://www.cnbc.com/video/2026/09/16/retail-sales-up-1-point-2-percent-in-august-more-than-expected.htmlhttps://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 Treasury market is doing something it has only done on 5.4% of the time over the last 36-plus years. In broad terms, the yield curve is unusually steep at the front and unusually flat at the back. Put those two together and it makes this rare combination, which means it is telling us something very important but also very specific. 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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------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

India just attracted an extraordinary amount of foreign money into its banking system. And yet the rupee is moving back toward its record low. Then there's Japan. The Bank of Japan just raised its policy rate to the highest since 1995. And yet the yen is approaching 160 per dollar again.So India attracted dollars and the rupee still fell. Japan raised rates and the yen still fell.Meanwhile, China has done almost the opposite. And so has CNY.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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.youtube.com/watch?v=Q899756PM1ohttps://www.youtube.com/watch?v=aSjdSK3KpaEhttps://www.cnbc.com/video/2026/07/31/were-seeing-weakness-on-the-consumer-side-of-the-chinese-economy-says-china-beige-book-coo.htmlhttps://www.youtube.com/watch?v=vSNx5TA-jDEhttps://www.youtube.com/watch?v=JKOJilXejQUhttps://www.reuters.com/world/india/indian-central-bank-likely-defending-rupee-conducting-swaps-drain-excess-cash-2026-09-23/https://www.youtube.com/watch?v=qPZDPPLWapQhttps://www.youtube.com/watch?v=yjoqWcPc9u4https://www.youtube.com/watch?v=eTMVrsSRBiMhttps://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

If you follow the financial headlines, you probably think investors are preparing to dump Treasuries and head for the inflationary hawkish hills. The Federal Reserve just raised rates, and officials definitely want to do it again.And yes, one part of the Treasury market is pricing exactly that. But the market as a whole is doing 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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------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

Demand destruction is simply becoming impossible to ignore—and it's appearing across the global economy at exactly the wrong moment. Just look at Mexico. And what airlines are doing. Or S&P 500's consumer discretionary stocks. Housing...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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.youtube.com/shorts/5ZPE8NJLCUQhttps://www.youtube.com/watch?v=sKCVUz0ipwwhttps://abcnews.com/video/136576200/https://www.youtube.com/watch?v=ecIEx-Z0k8shttps://www.youtube.com/watch?v=6A3mivHq_Zghttps://www.reuters.com/business/retail-consumer/us-rail-fuel-surcharges-grain-hit-record-highs-squeezing-farmers-harvest-season-2026-09-14/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

We need to begin seriously considering what would happen if diesel reaches eight, nine, or even ten dollars per gallon. That is not a prediction. It is not clickbait, nor is it fearmongering. This is scenario planning - because it's getting real. 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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.youtube.com/watch?v=zp35KGWxkUwhttps://www.federalreserve.gov/live-broadcast.htmhttps://www.youtube.com/watch?v=dj5-BcxfSmchttps://www.youtube.com/watch?v=gi2Xt50beoQhttps://www.youtube.com/watch?v=bRcxUFtg8dIhttps://www.facebook.com/VoteBobBrooks/videos/a-friend-sent-me-this-viral-video-coming-out-of-florida-a-trucker-spent-over-100/2318818452220376/https://www.youtube.com/shorts/_uU2ejSj2MEhttps://www.youtube.com/watch?v=o5EIX1MGxqQhttps://www.youtube.com/watch?v=X1j8_tWP70shttps://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

Private credit defaults have officially reached a record. According to Fitch Ratings, the default rate rose to 6.3% in August, exceeding the previous record set only one month earlier. But the most important number may not be 6.3%. It may be Fitch's 45%. And that reveals the bigger story, one about liquidity and tightening. 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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.fitchratings.com/research/corporate-finance/fitch-ratings-us-private-credit-default-rate-rose-to-6-3-in-august-2026-14-09-2026https://www.youtube.com/watch?v=zWO2kJpwoGwhttps://www.bloomberg.com/news/videos/2026-09-17/chelsea-owner-clearlake-capital-buys-out-boehly-walter-videohttps://www.youtube.com/watch?v=pNJjalgE5nMhttps://www.youtube.com/watch?v=CO5aBQoWvMAhttps://www.youtube.com/watch?v=DK8J68R5H5chttps://www.bloomberg.com/news/articles/2026-09-17/private-credit-defaults-are-1-6-or-19-depending-who-you-askhttps://www.bloomberg.com/news/articles/2026-09-17/blackstone-looks-to-cash-out-some-real-estate-fund-investorshttps://www.bloomberg.com/news/articles/2026-09-16/banks-line-up-22-billion-chip-loan-tied-to-blackstone-alphabethttps://www.bloomberg.com/news/articles/2026-09-16/softbank-cds-hovers-near-3-year-high-on-openai-funding-concernshttps://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

It's FOMC decision day. The data says do nothing. Flat curves say mistake. The inflation data doesn't say what hawks think it does. Do policymakers send a message and Trichet themselves? What about the dots? Where do rates go?

A relatively small German cooperative bank is receiving a financial rescue, a bail out, worth as much. The bank, Volksbank Brawo, had €6.5 billion in total assets at the end of last year. It's support package is equivalent to roughly one-ninth of the entire bank. But Brawo isn't alone. Volksbank Kleverland recently applied for support after reviewing its loan portfolio. WTF is going on in Germany?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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------https://www.bloomberg.com/news/articles/2026-09-15/tiny-german-bank-gets-834-million-rescue-after-investment-spreehttps://www.bloomberg.com/news/articles/2026-08-29/a-ceo-s-sudden-exit-spotlights-troubles-at-german-regional-bankshttps://www.boersen-zeitung.de/personen/vorstandschef-der-voba-kleverland-gefeuerthttps://www.volksbank-kleverland.de/meine-bank/news/bank/frank-ruffing-nicht-mehr-vorstand.htmlhttps://www.youtube.com/channel/UC5fCungpUEaL1W33BkEhlBghttps://www.youtube.com/watch?v=zsr99tKCE0Ehttps://www.youtube.com/watch?v=UldbOPfR8DMhttps://www.youtube.com/watch?v=Yyq3GIIp5tUhttps://www.youtube.com/watch?v=p8aW9YmF4Xshttps://www.youtube.com/watch?v=z_6QHTAdG-Ahttps://www.youtube.com/watch?v=DK8J68R5H5chttps://www.youtube.com/watch?v=H-rFZzx9PVUhttps://www.youtube.com/watch?v=yFeRPKAA8o0https://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

Americans overwhelmingly don't just disagree with this idea of a resilient economy, they vehemently disagree. And Kroger may have just delivered one of the clearest warning signs yet. The American people have spoken: with their grocery carts, just as a start. 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----------------------------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page----------------------------------------------------------------------------------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

There is only one way this ends, and it's not the one everyone right now believes. That's not (just) my take. This is the majority consensus (not that you've heard it) which gets more evidence by the day. Today's CPI, yesterday's PPI, oil, 2s, bills, spreads, RBOB, etc...Eurodollar University's Money & Macro Analysis---------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page---------------------------------------------------------------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

More Americans now believe unemployment will rise than at any point since April 2020. Not inflation. Unemployment. And that's according to, yes, the Federal Reserve. At the same time, consumers believe that if they lose a job, finding another one quickly will be nearly impossible. That fear is already showing up in what households are already doing - and how rates are really being priced. Eurodollar University's Money & Macro Analysis---------------------------------------------------------------Want to understand what this data (and so much more) means for your portfolio? Learn how the Eurodollar system really works in the next 30 days so you can better prepare for the risks and opportunities ahead. Book a call using this link. https://eurodollar-university.com/edu-apply-page-page---------------------------------------------------------------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

One hundred to Zero. That's Blue Owl writing down a private loan from full value to something resembling nothing—in a matter of months. That is not supposed to happen. Together with a global migration of debt searching, these show a credit cycle that keeps going deeper in reverse. 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=-uZYW5g4nqAhttps://www.youtube.com/watch?v=g1-cmKIno9whttps://www.bloomberg.com/news/articles/2026-08-25/ai-debt-crowding-spurs-biggest-korean-bond-sale-in-kauri-markethttps://www.bloomberg.com/news/articles/2026-09-08/jefferies-fund-accuses-radiant-world-of-fraud-over-fake-invoiceshttps://www.bloomberg.com/news/articles/2026-09-09/us-firms-unleash-record-wave-of-bond-sales-in-european-marketshttps://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 Great Chinese Tobacco Insurance Rescue of 2026. The real issue is why cigarettes are being "volunteered" and why insurance is being including with the banks. Recapping the escalating recap plan and what it says about the current and future state of the CCP's state. 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/edu

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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 'big' jobs number wasn't the biggest story of Friday's markets. Instead, it was what didn't happen. Things have certainly changed where it comes to payrolls, in more ways than one. 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_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

Everyone keeps saying the American consumer is holding up. People are still shopping. Gasoline sales are hitting records. Consumer spending hasn't collapsed. But beneath those reassuring headlines, though, we keep getting strong warning behavior is changing. Not just from conveniences stores, from construction to Uber and even, yes, the BLS.Pay more to get less. The very definition of impoverishment.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=QQRHUlCSFxghttps://www.youtube.com/watch?v=F-GRIytk4Gchttps://www.youtube.com/watch?v=SGDdXFaPiDAhttps://www.youtube.com/watch?v=nng1a6qUdOwhttps://www.youtube.com/watch?v=Uqzp7GK0Ahchttps://www.facebook.com/Reuters/videos/uber-cuts-3300-jobs-as-waymo-threat-grows/1053460624142733/https://www.facebook.com/usopentennis/videos/cocos-face-tells-the-story-/1776277563619934/https://www.youtube.com/watch?v=wHzPxqJthEUhttps://www.autodesk.com/blogs/construction/construction-time-lapse-videos/https://www.thestreet.com/retail/dollar-general-ceo-core-customers-distress-warninghttps://www.cnbc.com/video/2026/07/13/crameras-stop-trading-dollar-general.htmlhttps://www.cnbc.com/video/2026/08/14/consumer-sentiment-drops-in-august.htmlhttps://www.bloomberg.com/news/newsletters/2026-09-02/luxury-home-sales-stall-in-seattle-area-as-big-tech-cuts-jobshttps://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

Most people believe the private-credit mess has gone away – because that's what you're led to believe. It has been roughly a year since Tricolor and First Brands became the warning signs—the first cockroaches suggesting something much larger might be hiding inside the walls of private lending. And because there hasn't been a dramatic collapse since then, the assumption is that the industry absorbed the losses, restricted a few withdrawals, and moved on.But the truth is almost the exact opposite.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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------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

Everyone believes the energy shock is about oil. It isn't. The most important price in energy today isn't really the price of crude. It is the difference between crude oil and the fuel made from it—a number known as the crack spread.And for diesel, that spread has absolutely exploded to record highs. Now what?CHAPTERS:0:00: It's Not Oil, It's Diesel1:45: Crude vs Diesel and the Refinery Bottleneck5:27: The Crack Spread Explained7:13: Falling Fuel Demand10:38: The Weakening Labor Market13:31: Why Refiners Can't Just Make More15:45: Retailers Are Cutting Prices17:48: Peak Season, Record-Low Diesel Supply19:13: Demand Destruction, Not InflationEurodollar 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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.youtube.com/watch?v=mbyK0zBmUdkhttps://www.facebook.com/FreightWaves/videos/fuel-surcharges-hit-post-war-high/995362180202422/https://www.facebook.com/yahoofinance/videos/us-diesel-is-at-its-highest-price-since-peaking-in-april-during-the-initial-phas/1983606939022118/https://www.youtube.com/watch?v=KV9WNbDYvashttps://www.youtube.com/watch?app=desktop&v=l62qGJkGRgghttps://www.youtube.com/watch?v=gSOyHFh0JeQhttps://www.facebook.com/KIII3News/videos/one-of-the-first-new-us-refineries-in-decades-set-to-break-ground-in-san-patrici/28365786599721611/https://www.facebook.com/FreightWaves/videos/us-diesel-exports-smash-records-economic-impact/2210266723100605/https://www.wsj.com/business/energy-oil/trump-wants-big-oil-to-build-more-refineries-thats-a-tough-sell-54666292https://www.bloomberg.com/news/articles/2026-07-19/us-oil-refiners-are-running-so-hard-they-are-risking-breakdownshttps://www.facebook.com/cnbc/videos/america-is-building-its-first-new-oil-refinery-in-nearly-50-years/1771239487664827/https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/090126-us-gulf-coast-diesel-prices-hit-all-time-high-amid-global-supply-disruptionshttps://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

J-Hole jolted the markets, only to have Warsh's J-Hole narrative jolted right back with JOLTS. Caught in between are interest rates which nobody seems to have a handle on even though the answers are right there in Treasury Secretary Bessent's words and the latest European inflation. 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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------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

Is China trying to bail out it's beleaguered real estate market? That seems to be the case with the latest schemes aimed at stabilizing the sector. The timing isn't a surprise nor is the degree of help Beijing aims to offer given the state of banks and the economy over there. 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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.facebook.com/Canal.Macau/videos/back-in-china-fresh-property-easing-measures-across-chinas-top-tier-metropolises/2113122509290529/https://www.youtube.com/shorts/AeVh2LvDwOMhttps://www.cnbc.com/video/2025/11/26/chinas-property-sector-will-be-significantly-smaller-deflation-fixed-asset-investments.htmlhttps://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

Japan just spent $100 billion rescuing the yen. Not over several years. Not during some historic financial crisis. In less than one month. This wasn't just Japan acting alone, either. But now the yen is right back down past 160 again. What does this mean...for the dollar?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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.reuters.com/video/watch/idRW277003082026RP1/https://www.youtube.com/watch?v=jhxGRk4Y66khttps://www.bloomberg.com/news/articles/2026-08-27/nippon-life-is-open-to-becoming-net-jgb-buyer-next-fiscal-yearhttps://www.youtube.com/watch?v=I8SloCADP0shttps://www.youtube.com/watch?v=euKfGWemB4Ahttps://www.bloomberg.com/news/articles/2026-06-04/japan-s-foreign-securities-fall-76-billion-after-interventionhttps://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

Learn how the eurodollar system really works, and use that understanding to better prepare your portfolio for what comes nexthttps://eurodollar-university.com/home-page-self-serveThere's a signal flashing in the financial system right now—and almost every investor is looking in the wrong place. They're watching the Federal Reserve. They're watching inflation reports. They're reacting to tariffs, energy prices, employment numbers and whatever headline happens to dominate the financial news that day.But the monetary system itself is communicating something different. Figure how to find and decipher what it's been saying. 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/edu

What is happening inside Mark Walter's financial empire - which until recently included the LA Lakers - has the potential to blow the lid off the entire private credit story - if not the whole debt cycle. A billion-dollar loan connected to Guggenheim Investments is trading at roughly 73 cents on the dollar, a price normally associated with serious distress. And that's only where this crazy story begins.  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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.bloomberg.com/news/articles/2026-08-24/guggenheim-loan-drops-to-new-73-cent-low-with-firm-in-spotlighthttps://www.bloomberg.com/news/articles/2026-08-18/mark-walter-s-insurer-to-slash-scrutinized-loans-by-6-5-billionhttps://www.bloomberg.com/news/articles/2026-08-26/walter-s-twg-hits-back-at-fraud-claims-says-it-has-no-victimshttps://www.bloomberg.com/news/articles/2026-08-25/guggenheim-investments-says-affiliates-may-buy-its-hard-hit-loanhttps://www.nytimes.com/2026/08/24/business/mark-walter-insurance-dodgers-lakers.htmlhttps://www.claimsjournal.com/news/national/2026/07/22/338938.htmhttps://www.nytimes.com/athletic/7522366/2026/08/18/mark-walter-delaware-life-filings-dodgers/https://www.youtube.com/watch?v=1XIVC93rbOAhttps://www.youtube.com/watch?v=0HnJHAsTao8https://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

You may not realize it, but the grocery business is about to get into a price war. Big chains like Kroger and Aldi, along with Walmart, are setting up for to outbid each other for your food spending. That's great news for consumers until you realize why the retailers are doing this – because of consumers. 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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.facebook.com/schwabnetwork/videos/dicks-sporting-goods-dks-shares-dropped-sharply-after-the-company-reported-earni/1070193602035253/https://www.cnbc.com/video/2026/01/12/why-americans-fell-in-love-with-aldi.htmlhttps://www.youtube.com/watch?v=SB0Wfc5Jqcohttps://www.facebook.com/schwabnetwork/videos/dicks-sporting-goods-dks-shares-dropped-sharply-after-the-company-reported-earni/1070193602035253/https://abcnews.com/video/133216771/https://www.youtube.com/shorts/2GmcwTdbr0Ihttps://www.bloomberg.com/news/articles/2026-08-20/walmart-posts-sluggish-sales-with-slowest-us-growth-in-six-yearshttps://www.conference-board.org/topics/consumer-confidence/https://www.bloomberg.com/news/articles/2026-08-25/dick-s-lowers-outlook-amid-foot-locker-weakness-more-discountshttps://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

Ray Dalio says the United States is approaching a debt crisis, or maybe is already in one. The government knows UST demand is becoming a problem, so the argument goes, and it is quietly trying to control the bond market with buybacks before the situation gets out of control.But what you probably don't know is that there are ways to test Ray Dalio's warning. We did. 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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.cnbc.com/2026/08/21/ray-dalio-bessent-debt-crisis-bitcoin-gold.htmlhttps://www.bloomberg.com/news/articles/2026-08-21/dalio-says-sell-bonds-buy-gold-bitcoin-as-debt-crisis-loomshttps://www.usdebtclock.org/https://www.principles.com/big-debt-criseshttps://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

Walmart's stock got punished this week for confirming what the mainstream said was impossible. And it wasn't the only retail giant to gently sound the alarm. For all the talk of "resilience", it isn't found in these latest reports - nor the bond market.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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.youtube.com/watch?v=Oep3EPnkUGIhttps://finance.yahoo.com/video/walmart-stock-sinks-despite-guidance-132405010.htmlhttps://www.bloomberg.com/news/articles/2026-08-20/walmart-posts-sluggish-sales-with-slowest-us-growth-in-six-yearshttps://www.cnbc.com/video/2026/08/18/july-pending-home-sales-down-in-all-regions.htmlhttps://finance.yahoo.com/video/lowes-earnings-ceo-cites-caution-153805916.htmlhttps://www.bloomberg.com/news/features/2026-07-08/lowe-s-trader-joe-s-push-mini-mania-luring-shoppers-with-tiny-itemshttps://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 credit cycle isn't really about blue owls, instead a gray swan. Nvidia isn't just in the news for its stock trading at a tremendous discount, it's how the company and all the money surrounding connect what might seem disparate dots all throughout the system, and in so doing point to the emerging downside the mainstream is having a harder time dismissing. 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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.wsj.com/tech/ai/why-big-techs-ai-spending-is-3-trillion-higher-than-it-seems-e1067bb2https://www.bloomberg.com/news/articles/2026-08-18/pimco-s-stracke-says-wealth-firms-running-shy-of-private-credithttps://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

It's QE-lite!!!! Yield curve control!!!! Money printer go brrrrrr!!!! What's the truth about the Treasury buyback program? Well, it's starts with understanding what a buyback truly is and also how the government has been operating it for over two years already. In a sea of misinformation, here's the plain truth about the buybacks, starting with how misinformation is actually the whole point...on both sides.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----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------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 yield on the 30-year U.S. Treasury bond just reached its highest level since 2007. And to a lot of people, this means everything - from inflation to fiscal deficits. There's just one problem.The 30-year bond is not actually doing what everyone says it is.Eurodollar University's Money & Macro Analysis------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026------------------------------------------------https://www.youtube.com/watch?v=2njjIkGROx4https://www.facebook.com/bloombergbusiness/videos/long-term-borrowing-costs-have-hit-their-highest-level-in-decades-on-the-back-of/1413253187330397/https://www.facebook.com/FirstPrudentialMarkets/videos/30-year-us-treasury-yields-just-hit-levels-not-seen-since-2007-stocks-wobbled-oi/1785429659307592/https://www.ms.now/money-power-politics/watch/u-s-bond-selloff-drives-30-year-yields-to-highest-point-since-2007-2511366211745https://www.reuters.com/markets/us/us-mortgage-rates-soar-highest-more-than-23-years-2023-10-25/https://www.cnn.com/2023/10/02/investing/jamie-dimon-jpmorgan-7-percent-interest-rate-recessionhttps://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

Blaming Amazon's Prime Day, everyone is trying to work around yet another "unexpected" negative number. Following an "unexpected" drop in July payrolls, the Census Bureau now reports an "unexpected" drop in retail sales alongside an "unexpected" setback in consumer confidence and, yes, an "unexpected" decline in gasoline usage during peak driving season. None of this is unexpected, just the work of more mini-cycles. 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.cnbc.com/video/2026/08/14/retail-sales-unexpectedly-fell-in-july.htmlhttps://www.cnbc.com/video/2026/08/14/a-big-miss-on-retail-sales-in-july-heres-what-to-know.htmlhttps://www.facebook.com/Reuters/videos/amazon-prime-day-to-gauge-us-consumer-strain/3972193316417707/https://www.youtube.com/watch?v=yx7q-tX-BQYhttps://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

Record decline in Chinese bank loan flows is only where this starts. It's what China's government did in response in announcing a major financial crackdown that really matters. Combined with the latest macro data, it is all leading to another real world example exposing the fallacy of interest rates. 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/edu

There is something going on with the long bond, that's for sure, but what is it really? The answer is surprisingly simple, and it also explains why the last 30-year Treasury auction held this week was said to have been a mess. That was more about what everyone says than what's happening and why. 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/edu

Japan and the United States just launched one of the most dramatic currency interventions in decades. But less than two weeks later, half the yen's gains have already disappeared. The currency is already back around 159 to the dollar, once again threatening the psychologically important 160 level. Now what?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----------------------------------------------------------------------------------EDU's August 2026 Webinar on the four stages of investing:https://youtube.com/live/6loLe-RuGk8?feature=shareEDU's June 2026 Webinar on the backgroud:https://youtube.com/live/We2aP56WLJ8?feature=shareEDU's Special webinar offer:edu2.eurodollar.university/webinar ----------------------------------------------------------------------------------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

When the person responsible for managing nearly **$2 trillion of a nation's savings** starts discussing the possibility of losing all of it, you should probably listen. Though, deep down you already know what I'm talking about. You think everyone is long and buying the market. The truth is, people are already checking out, especially the institutional types. 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----------------------------------------------------------------------------------EDU's August 2026 Webinar on the four stages of investing:https://youtube.com/live/6loLe-RuGk8?feature=shareEDU's June 2026 Webinar on the backgroud:https://youtube.com/live/We2aP56WLJ8?feature=shareEDU's Special webinar offer:edu2.eurodollar.university/webinar ----------------------------------------------------------------------------------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

Yes, we are going to have to worry about mortgage debt, too. To say the nation's largest private mortgage originator had a bad week is an understatement. But what did the company's stock plunge tell us? Not subprime 2.0. Instead, a familiar tale spreads yet again.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-----------------------------------------------------------------------------------If you want to see The Four Economic Regimes, and How to Position Your Portfolio for Each One, sign up here https://eurodollar-university.com/home-page----------------------------------------------------------------------------------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

Shock on Wall Street as the jobs numbers stun everyone - almost everyone. It was a mess but a predictable one following the pattern we've been laying out. And it wasn't just payrolls, with critical confirmation showing up all across the household survey and unemployment. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------If you want to see The Four Economic Regimes, and How to Position Your Portfolio for Each One, sign up here https://eurodollar-university.com/home-page----------------------------------------------------------------------------------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

Stocks are heading for Crash of '87 repeat? Michael Burry thinks that could be the case as the Big Short investor sees a number of parallels. One that most people wouldn't necessarily think of just reared its ugly head again. The cockroaches are back. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------If you want to see The Four Economic Regimes, and How to Position Your Portfolio for Each One, sign up here https://eurodollar-university.com/home-page----------------------------------------------------------------------------------https://www.cnbc.com/2026/08/04/michael-burry-bets-against-rally-we-are-near-a-major-top.htmlhttps://www.bloomberg.com/news/articles/2026-08-02/jefferies-faces-fresh-trouble-at-fund-it-was-already-shutteringhttps://www.bloomberg.com/news/articles/2026-08-04/credit-braces-for-fallen-angels-as-100-billion-trades-like-junkhttps://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 30-year long bond recently hit its highest yield in nineteen years. This is a significant development, but not for the reasons anyone has heard. And we've seen this before, so the big message is how the yield got to where it is, not where it is. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------If you want to see The Four Economic Regimes, and How to Position Your Portfolio for Each One, sign up here https://eurodollar-university.com/home-page----------------------------------------------------------------------------------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