Podcasts about central banks

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

The head of the US Federal Reserve, Kevin Warsh, says policymakers "have work to do" if they are not confident cost-of-living pressures are easing for Americans.Policy makers from 10 nations neighbouring the Baltic Sea have been meeting today to discuss hybrid attacks on their countries. Earlier this month Leipzig Airport in Germany was shut after drones targeted planes.And a group of more than 80 performers have written to the British Prime Minister urging his government to take action over companies using Artificial Intelligence to clone their voices.

The economy is strong, prices are still too high, and the job market is sending mixed signals. The Federal Reserve is navigating all of it while fending off the most overt political pressure in its modern history. Austan Goolsbee, President of the Chicago Fed, joins Rapid Response ahead of the Central Bank's highly-watched meeting in Jackson Hole, to give his most candid read on what's actually going on. He explains why tariffs, war in the Middle East, and six years above the 2% inflation target make this the most dangerous inflation environment he's seen, what Kevin Warsh's new leadership means for how the Fed operates, and why he's a "grim optimist" on AI even as the hype keeps outrunning the results. Plus, what business leaders should actually be watching to get ahead of the Fed's next move.Visit the Rapid Response website here: https://www.rapidresponseshow.com/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

The economy is strong, prices are still too high, and the job market is sending mixed signals. The Federal Reserve is navigating all of it while fending off the most overt political pressure in its modern history. Austan Goolsbee, President of the Chicago Fed, joins Rapid Response ahead of the Central Bank's highly-watched meeting in Jackson Hole, to give his most candid read on what's actually going on. He explains why tariffs, war in the Middle East, and six years above the 2% inflation target make this the most dangerous inflation environment he's seen, what Kevin Warsh's new leadership means for how the Fed operates, and why he's a "grim optimist" on AI even as the hype keeps outrunning the results. Plus, what business leaders should actually be watching to get ahead of the Fed's next move.Visit the Rapid Response website here: https://www.rapidresponseshow.com/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

Stijn Schmitz welcomes Matthew Piepenburg to the show. Matthew Piepenburg is Partner – Von Greyerz Gold Switzerland, Author – Gold Matters. Piepenburg argues that despite 2026 volatility, including war, a historic gold correction, and US government debt surpassing $40 trillion, the secular gold bull market remains in its early chapters. He sees shakeouts and price interventions as features, not an end, and believes conditions today are stronger than the 1970s run, driven by $265 trillion global debt, negative real rates, and currency debasement. He contends that governments and central banks have narrowed options and increasingly rely on hidden QE, misleading inflation and employment data, and dollar debasement to manage debt, while Main Street suffers a real recession and middle-class erosion, and stock market gains mostly benefit top wealth. Piepenburg highlights central bank gold accumulation at record levels, especially after dollar weaponization, as a sign gold is replacing Treasuries as global collateral. He notes the shift in physical gold flows from Western exchanges to Eastern central banks and sovereign funds, and the development of Shanghai-Hong Kong physical settlement, challenging paper price discovery. He expects continued eastward shift, not dollar collapse, but a significant repricing. Matthew discusses possible US gold revaluation, either marking gold certificates to market or letting gold run, as a form of “gold QE” that would further debase the dollar. He sees miners as leveraged opportunity after sentiment lows, and stresses patience and education. For high-net-worth investors, physical gold outside the banking system in Switzerland and Singapore serves as wealth preservation. He closes that gold won't get one rich quickly but protects from getting poor. Timestamps: 00:00:00 – Introduction 00:01:10 – Volatile Year Market Overview 00:03:48 – Gold Bull Market Status 00:08:20 – Mining Sector Investor Interest 00:18:55 – Global Debt & Demographics 00:28:30 – Inflation & Conflicts 00:35:55 – Central Banks & Gold Holdings 00:45:30 – Gold Revaluation Mechanics 00:54:17 – Gold & Gov’t Debt Doubling 01:01:12 – Preparing for Coming Risks 01:07:34 – Von Greyerz Storage Services Guest Links: X: https://twitter.com/GoldSwitzerland Website: https://goldswitzerland.com/ Articles: https://signalsmatter.com/ Book (Amazon): https://tinyurl.com/pvpfmy8c Matthew Piepenburg is a Partner of Von Greyerz and the author of the popular book, “Rigged to Fail”. Matt is fluent in French, German, and English. He is a graduate of Brown (BA), Harvard (MA), and the University of Michigan (JD). His widely-respected reports on macro conditions and the changing behavior of risk assets are published regularly at SignalsMatter.com

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

In this episode of On Investing, Liz Ann Sonders and Collin Martin examine the recent surge in global bond yields and what it means for investors. Collin explains that long-term Treasury yields have risen due to a combination of the Federal Reserve's hawkish posture, elevated uncertainty premiums, fiscal concerns, and a global move higher in interest rates. He emphasizes that inflation expectations remain relatively well-behaved, suggesting the rise in yields is less about fears of runaway inflation and more about uncertainty, government borrowing needs, and a "higher for longer" interest rate environment.  Liz Ann discusses how higher yields affect stocks, noting that growth-oriented sectors, real estate, and utilities are particularly sensitive to rising rates. She also argues that investors may be operating in a more volatile "Temperamental Era," where inflation and bond yields play a larger role in driving equity market performance than they did during the decades-long "Great Moderation."  Then, Liz Ann interviews former St. Louis Fed President Jim Bullard, who argues that the Federal Reserve risks falling behind the curve by tolerating inflation near 3% rather than returning it to its 2% target. Bullard shares his views on monetary policy, AI's potential impact on productivity, geopolitical risks, financial markets, and the evolving economic landscape.  Finally, Liz Ann and Collin provide a preview of upcoming economic indicators and data releases, including the Fed's preferred inflation measure, housing data, and consumer sentiment surveys. You can read the report Liz Ann mentions here: “Great Moderation Era: Drift(ing) Away.” On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Treasury Inflation Protected Securities (TIPS) are inflation-linked securities issued by the US Government whose principal value is adjusted periodically in accordance with the rise and fall in the inflation rate. Thus, the dividend amount payable is also impacted by variations in the inflation rate, as it is based upon the principal value of the bond. It may fluctuate up or down. Repayment at maturity is guaranteed by the US Government and may be adjusted for inflation to become the greater of the original face amount at issuance or that face amount plus an adjustment for inflation. Treasury Inflation-Protected Securities are guaranteed by the US Government, but inflation-protected bond funds do not provide such a guarantee. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions. (0826-Z0K4) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This special episode of The Weekly Briefing from Capital Economics features an exclusive extract from our client briefing on the global bond sell-off, its causes, consequences and where markets go from here. In this edited extract, Group Chief Economist Neil Shearing and Chief Markets Economist Jonas Goltermann answer questions from clients around the world, including:What was Scott Bessent's Treasury market intervention intended to achieve, and why it has so far fallen short?What are the economic forces pushing investors to demand more compensation for holding long-dated government bonds?Which economies are most exposed to a fiscal crisis?Is the AI credit boom affecting demand for government debt?How high could bond yields rise from here?Related contentRead: How to think about the bond market sell-offhttps://www.capitaleconomics.com/publications/global-economics-focus/how-think-about-bond-market-sellRead: What taxes could Burnham raise to fund his policy ambitions?https://www.capitaleconomics.com/publications/uk-economics-update/what-taxes-could-burnham-raise-fund-his-policy-ambitions

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

August 2006 marked the beginning of the end for the Celtic Tiger, but the legacy of that crash continues to stifle the Irish economy today. We explore how the refinancing game collapsed, why Irish banks have become safe deposit boxes where money goes to die, and how the Central Bank's over-regulation is forcing the state to take over the construction industry. Discover why Ireland is fighting with one arm tied behind its back and what it will take to get credit flowing to small businesses again. Hosted on Acast. See acast.com/privacy for more information.

Later this afternoon, we'll get minutes from the most recent Federal Reserve meeting. The Fed kept interest rates steady in July, but there was some disagreement. A handful of Fed officials wanted to raise the cost of borrowing. This morning, we'll discuss the dissents, fresh economic data, and what to expect from today's report. Then, it's been five years since tens of thousands of Afghans were airlifted to U.S. cities. We'll learn about their careers and lives.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:What to watch for in the next Fed minutesFive years after the Afghan evacuation, thousands have built careers and businesses

Subscribe now for an ad-free experience and to get all of our episodes. Danny and Derek welcome historian Lisandro Claudio back to the program to talk about how austerity, first imposed by the U.S. during its colonial rule of the Philippines, continues to influence the Filipino political economy. They discuss the colonial gold standard, dollar diplomacy, Miguel Cuaderno and the Central Bank of the Philippines, Ferdinand Marcos being forced to depreciate the peso, the Filipino Left's anti-debt stance, and the country's dependency on exported labor. Grab your copy of Lisandro's book The Profligate Colonial: How the US Exported Austerity to the Philippines. Listen to our "History of the Philippines" series with Lisandro. Learn more about your ad choices. Visit megaphone.fm/adchoices

Later this afternoon, we'll get minutes from the most recent Federal Reserve meeting. The Fed kept interest rates steady in July, but there was some disagreement. A handful of Fed officials wanted to raise the cost of borrowing. This morning, we'll discuss the dissents, fresh economic data, and what to expect from today's report. Then, it's been five years since tens of thousands of Afghans were airlifted to U.S. cities. We'll learn about their careers and lives.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:What to watch for in the next Fed minutesFive years after the Afghan evacuation, thousands have built careers and businesses

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

Danny and Derek welcome historian Lisandro Claudio back to the program to talk about how austerity, first imposed by the U.S. during its colonial rule of the Philippines, continues to influence the Filipino political economy. They discuss the colonial gold standard, dollar diplomacy, Miguel Cuaderno and the Central Bank of the Philippines, Ferdinand Marcos being forced to depreciate the peso, the Filipino Left's anti-debt stance, and the country's dependency on exported labor. Grab your copy of Lisandro's book The Profligate Colonial: How the US Exported Austerity to the Philippines.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

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

Jack Horgan-Jones and Ellen Coyne join Hugh to look back on the week in politics:Simon Harris has lobbied the European Commission over the prospect of Ireland's Central Bank once again being responsible for approving Israeli state bonds. Opposition parties have said the bonds are used to raise money for Israel's military campaigns. Ultimately, aside from some political messaging, it's an issue the Government can do little about.Excise cuts implemented in response to last spring's fuel protests are due to start tapering next month, just as fuel prices are beginning to rise again. With the disruptive protests still a painful memory and the Budget coming into view, Jack Chambers and Simon Harris are in an unenviable position. How will they play it?News that the Department of Children and Equality will spend money on a campaign to warn about the misogyny of the “manosphere” and “tradwife” influencers who “promote restrictive, stereotypical roles for women and girls” has enraged culture warriors and prompted a debate on the socioeconomic pressures that make working and caring in the home an impossibility for many families. Should the Government stay out of such debates and focus instead on structural issues that hold people back from living their lifestyle of choice?The Government's recent lack of transparency around two reports, one on Aughinish Alumina and another on data centres, left a lot to be desired.Entertaining documents released to The Irish Times under the Freedom of Information Act have cast light how two prominent pols - Mayor of Limerick John Moran and Minister for Justice Jim O'Callaghan - go about their business.And finally the panel pick their favourite IT stories of the week.Would you like to receive daily insights into world events delivered to your inbox? Sign up for Denis Staunton's Global Briefing newsletter here: irishtimes.com/newsletters/global-briefing/ Hosted on Acast. See acast.com/privacy for more information.

Have a couple of softer US inflation prints taken a post-Summer Fed rate hike off the table? Did that CPI and PPI data vindicate Kevin Warsh's divisive approach to central bank communications? And what does the death of former Premier Zhu Rongji tell us about China's political economy today?Group Chief Economist Neil Shearing joins David Wilder to discuss the US inflation and rate outlook, the angst at the long end of the Treasury yield curve, and why the pace and nature of reform in China today not only pales in comparison what was happening at the turn of the century, but could threaten global economic stability.Also on the show, Deputy Chief UK Economist Ruth Gregory discusses her widely covered report on how much tax Andy Burnham could be seeking to raise in October's Budget. She explains how the potential tax increases compare with the controversial big Budget of 2024, which taxes could rise and what the impact could be on the UK economy.Related contentWhat taxes could Burnham raise to fund his policy ambitions?https://www.capitaleconomics.com/publications/uk-economics-update/what-taxes-could-burnham-raise-fund-his-policy-ambitionsCapital Economics eventshttps://www.capitaleconomics.com/events

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

Turning their attention away from Iran and toward another Middle Eastern hotspot, Aimen and Thomas explain the course of events in Libya since the Arab Spring. Seismic political events are underway in that sad country, which has been riven by civil war and political division for over fifteen years. They discuss: The difference between East and West Libya First Libyan Civil War: state collapse and militia fragmentation NATO intervention and Western short-termism Khalifa Haftar: from Gaddafi officer to eastern strongman Second Libyan Civil War: Operation Dignity and divided government Libya proxy war: Egypt, UAE, Russia, Turkey and Qatar Libyan oil politics: NOC, Central Bank and Haftar's leverage U.S.-backed Libya deal: Saddam Haftar, Dbeibah and Pakistan mediation Join the Conflicted Community here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://conflicted.supportingcast.fm/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Find us on X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/MHconflicted⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ And Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/MHconflicted⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ And Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/conflictedpod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Conflicted is a Message Heard production. Executive Producers: Jake Warren & Max Warren. Produced and edited by Thomas Small. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome back to The Eastern Border. In Episode 2.50, we descend into the terminal madness of the Russian state apparatus. With the federal budget blowing through a staggering 5.73 trillion ruble ($70 billion) deficit in just six months and the Central Bank secretly dumping 85 tons of gold, the Kremlin is actively burning down its own foundations to keep the war machine running.We break down the systemic destruction of the Voronezh Wildberries hub, the expanding fuel blackouts in Sochi, and the pathetic frontline reality of the "Zebrovozy"—cargo-cult Kamaz trucks painted in zebra stripes in a desperate attempt to confuse 2K-resolution Ukrainian FPV drones at Malaya Tokmachka. Faced with a leaked quota to find 409,000 new recruits by year-end, the Ministry of Defense has set a trap, luring students into fake "Drone Force" desk jobs before throwing them into meat assaults, while Sergei Shoigu brokers a deal for 50,000 North Korean soldiers.Meanwhile, the political administration is in full-blown panic over a massive anti-war surge, purging the Yabloko party and weaponizing Kafkaesque copyright lawsuits over Microsoft fonts to sterilize the upcoming September elections.Finally, we explore the dark, apocalyptic theology of GRU Colonel Vladimir Kvachkov, whose demands for a 1-billion-man empire and draconian breeding taxes explain why standard cost-benefit analysis fails against Moscow. Plus, a global palette cleanser: FIFA President Gianni Infantino faces an unprecedented mutiny.Car4Ukraine Eastern Border Summer Campaign! https://car4ukraine.com/campaigns/summer-sunshine-trucks-2026-eastern-borderBecome our patron:https://www.patreon.com/theeasternborderMerch store + another option for memberships:https://theeasternborder-shop.fourthwall.com/Follow what's going on here in the very border of Eastern Europe:https://bsky.app/profile/theeasternborder.lvDownload all episodes for free on our website; pictures accompanying certain episodes can be found there as well!http://theeasternborder.lv/Support this show http://supporter.acast.com/theeasternborder. Hosted on Acast. See acast.com/privacy for more information.

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

In this episode of the Financial Survival Network, host Kerry Lutz is joined by Craig Hemke of TFMetalsReport.com to dive into recent counterintuitive shifts across the precious metals and commodities markets. Together, they analyze gold's resilience following massive multi-year gains, silver's baseline stabilization, and copper's surge to record highs driven by data centers and global electrification. The discussion breaks down major macroeconomic triggers, including Federal Reserve policy under Warsh, shifting interest rate dynamics, and coordinated market interventions such as joint Treasury-BOJ support for the Japanese yen and strategic oil reserve sales. Beyond technical market analysis, Kerry and Craig examine the broader geopolitical landscape, evaluating the long-term economic fallout of the conflict with Iran and the growing shift from free markets to state-level interventions. Kerry also shares updates on his legal battle against municipal parking scams, previews his latest books (America's Great Parking Scam and The All-New Speeder's Guide to Avoiding Tickets), and discusses the importance of independent financial media in connecting the dots during uncertain economic times. Find Craig here: https://TFMetalsReport.com Find Kerry here:  https://khlfsn.substack.com and here: https://inflation.cafe    All Kerry's books are available here:  Amazon Bookstore  

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by co-host Tim Grant, CEO of Deus X Capital, to start off the conversation with Strategy President and CEO Phong Le. He explains why he expects Strategy to outperform Bitcoin in the next bull cycle, how its STRC product and "digital credit" framework aim to make Strategy the "JP Morgan of digital finance." Bitwise Asset Management Head of Research Ryan Rasmussen breaks down Q2 earnings from Circle, Galaxy, and American Bitcoin, arguing the market is mis-pricing Circle ahead of a multi-trillion-dollar stablecoin era. Plus, Jennifer and Tim unpack Bitcoin ETF flows, the best week since April at $853 million in net inflows, and Tim lays out his thesis on sovereign AI, data privacy, and where decentralization fits into the next wave of compute. - Learn more at bullish.com. - Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com. - To get market moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp. - Chapters/Timecodes: 00:00 Welcome to Public Keys 00:21 Sleepy Markets and 'Groundhog Week' With Tim Grant 02:08 The Coldcard Hack and the Self-Custody Debate 03:15 Strategy's Phong Le Joins Public Keys 03:46 Why Strategy Expects to Beat Bitcoin 04:20 Inside 'STRC' and the Digital Credit Play 09:38 $4.75B in Cash and the Preferred Stock Lesson 11:47 Strategy: 'The Central Bank of Bitcoin' 12:19 Where Strategy's Software Business Fits 14:55 Circle, Galaxy and American Bitcoin Earnings 15:12 Why Bitwise Says Circle Is Mispriced 19:37 Circle's Arc Mainnet and the GENIUS Act 21:07 Galaxy's Pivot From Crypto to AI 24:05 American Bitcoin and the Miner Shakeout 27:41 Trump Ties and CLARITY Act Ethics Risk 30:14 ETF Flows: Bitcoin's Best Week Since April 32:52 Tim Grant on Sovereign AI and Data Privacy

Gianluca Benigno is a professor of economics at the University of Lausanne. Previously, he was a senior economist at the Federal Reserve Bank of New York and an economist at the Bank of England. Gianluca returns to the program to discuss financial r-star, the changing landscape of central bank balance sheets, the unique challenges facing the Swiss National Bank, how stablecoins could affect Treasury markets and the demand for reserves, the return of nonlinear inflation, its implications for monetary policy, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on June 22nd, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Gianluca Benigno on X: @BenignoGianluca Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:41 - R-Double-Star 00:04:10 - Central Bank Balance Sheets 00:09:22 - Swiss National Bank 00:32:05 - Working Paper on the Regulation of Stablecoins 00:45:41 - Inflation 00:53:19 - Outro

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

Gold and silver rally last week as shifting expectations for interest rates, currency instability, and renewed investment demand put gold and silver back in focus. Gold finished the week at $4,341 per oz, while silver climbed to $63.30 per oz, pushing the gold-silver ratio down to roughly 68:1. China's central bank added nearly 20 metric tons of gold in July, extending a broader trend of central-bank accumulation. Meanwhile, India may need to import another 135 million ounces of silver by year-end to meet current demand forecasts. Listen to last week's Bullion Market Update for the key forces driving gold and silver—and what could come next.

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

Head to https://gamma.yt.link/HgbZu2P to check out GAMMA and start designing today!Reports say the US intervened in yen markets, selling euros and buying JPY. It raises several questions: Is the United States bailing out the yen? Why? Why now? Unlike currency manipulation, the answers are surprisingly easy. It's what they amount to that's hard. Eurodollar University's conversation w/Steve Van Metre----------------------------------------------------------------------------------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.youtube.com/watch?v=HvaYFs93haohttps://www.youtube.com/watch?v=o3-OJEsqc8ghttps://www.bloomberg.com/news/videos/2026-07-31/japan-preempts-market-with-yen-intervention-videohttps://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

Recorded at the PSE-CEPR Policy Forum 2026.A country wants a stable exchange rate, it wants money to move freely across its borders, and it wants to set its own interest rates. It's a well-known trilemma. Central bankers must pick any two, because you cannot have all three. History, it turns out, did not read that memo.Eric Monnet has spent years reading the balance sheets that central bankers kept on each other. Since 1891 the Bank of France paid teams of multilingual economists to copy out the weekly and monthly accounts of every other central bank in the world. Those ledgers, now digitised, show that central banks have been far more than interest-rate setters. For more than a century they have quietly expanded their balance sheets to cushion their economies against shocks arriving from abroad. In this week's VoxTalk, Monnet argues we have seriously underestimated how much room to manoeuvre they have used since the 19th century.The research behind this episode:Bazot, Guillaume, Eric Monnet, and Matthias Morys. 2024. "Central Banks and the Absorption of International Shocks (1891-2019)." CEPR Discussion Paper No. 19646. (Gated.)To cite this episode:Phillips, Tim, and Eric Monnet. 2026. "Absorbing shocks since 1891." VoxTalks Economics (podcast).About the guestEric Monnet is Professor at the Paris School of Economics and EHESS, and a Research Fellow at CEPR. An economic historian, his work spans central banking, the international monetary system, and the history of European financial systems across the 19th and 20th centuries. He previously worked as an economist at the Bank of France, and his book Controlling Credit examines monetary policy in postwar France.Research cited in this episodeThe Mundell trilemma. Formulated by Robert Mundell in the 1960s, the trilemma holds that an open economy cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy; it can have any two. Mundell received the Nobel Prize in part for the idea. The global financial cycle and the dilemma. Helene Rey argues that even a floating exchange rate does not buy full monetary autonomy, because a common global financial cycle, driven by the risk appetite of large financial institutions, moves interest rates and exchange rates across countries at once. A shock in one emerging market prompts investors to demand higher compensation across others they treat as similar. The trilemma, in this view, is really a dilemma.The Bank of France archive. The research department of the Bank of France was founded to track the financial operations of foreign central banks, collecting their weekly and monthly balance sheets from 1891 onward. The dataset assembled from these records covers 23 countries, essentially every central bank in existence by the late 1930s, and combines balance-sheet data with monthly figures on industrial production, consumer prices, and stock markets.Discount loans, open market operations, and foreign exchange interventions. The specific tools have changed completely; the behaviour has not. In the 19th century central banks intervened by discounting commercial bills and holding gold or foreign deposits; today they conduct open market operations in government bonds and hold US Treasury bills. Across all these forms, the response to an external shock, expanding domestic assets to supply liquidity, has been consistent.Taming the Global Financial Cycle. The predecessor study by the same authors: Bazot, Monnet, and Morys, "Taming the Global Financial Cycle: Central Banks as Shock Absorbers in the First Era of Globalization," Journal of Economic History 82(3), 2022, which established the pattern for the classical gold standard period.More VoxTalks Economics episodesThe Bank of England's Capital Mistake. Former Bank insiders David Aikman and John Vickers argue that cutting equity capital requirements for UK banks could raise the odds of a financial crisis, a companion piece on what central bank balance sheets are for.Related reading on VoxEU.orgCentral banks and the absorption of international shocks, the authors' own VoxEU column setting out the dataset and the two main findings in brief.

Everyone believes the AI bubble is mainly about stocks. That makes sense. The obvious historical comparison is the dot-com bubble. However, this one is all about credit unlike 1999. And that credit is now talking loudly through credit default swaps and other debt market signals. Companies like Oracle and SpaceX have seen their CDS prices surge recently, with big moves in July across all the big names in AI tech: Amazon, Meta, and negative cash flow for the first time Google, Alphabet, whatever the company calls itself. Nvidia is seeing higher premiums. Even BlackRock trying to sell an AI-linked bond, similar results to what we talked about with Amazon's bond.The debt problem is spreading and deepening as the debt cycle turns more and more. 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----------------------------------------------------------------------------------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.bloomberg.com/news/articles/2026-07-27/blackrock-raises-12-5-billion-of-debt-for-meta-data-centerhttps://www.tomshardware.com/tech-industry/artificial-intelligence/ai-cost-crisis-hits-tech-giants-as-employee-tokenmaxxing-backfires-agentic-ai-eats-up-to-1000x-more-tokens-than-standard-ai-sparks-corporate-pullback-at-microsoft-meta-and-amazonhttps://mashable.com/tech/ai-backlash-vibe-shifthttps://www.facebook.com/FastMoney/videos/oracle-reportedly-facing-cost-overruns/1033596599253258/https://www.wsj.com/video/lessons-from-the-dot-com-bubble/FB0BBA73-9133-4000-8C71-4A5B6C7D8AB7https://www.cnn.com/videos/tv/2018/07/26/2000s-original-series-episode-4-clip-2-technology.cnnhttps://www.youtube.com/watch?v=TfW5pWpsHAohttps://uk.finance.yahoo.com/video/spacex-sheds-600-billion-three-085352127.htmlhttps://www.youtube.com/watch?v=IW-dfyp8OkUhttps://finance.yahoo.com/video/chip-stocks-fight-to-rebound-as-semiconductors-slip-into-bear-market-135658468.htmlhttps://www.youtube.com/watch?v=pCSDhGHgDG4https://finance.yahoo.com/video/chip-sell-off-even-sk-hynixs-1242-profit-growth-couldnt-wow-investors-133907245.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

Protect your investments with And We Know http://andweknow.com/gold Or call 720-605-3900, Tell them “LT” sent you. ————————— ➜ Our AWK Website: https://www.andweknow.com/ ➜ AWK Shirts and gifts: https://shop.andweknow.com/ ------- *DONATIONS SITE: https://bit.ly/2Lgdrh5 *Mail your gift to: And We Know 30650 Rancho California Rd STE D406-123 (or D406-126) Temecula, CA 92591 ➜ AWK Shirts and gifts: https://shop.andweknow.com/ ➜ Audio Bible https://www.biblegateway.com/audio/mclean/kjv/1John.3.16 Connect with us in the following ways:

Farside Correction Strike Launches Beneficiary Planning for Bitcoin Inheritance https://x.com/strike/status/2082560745498157548 CLARITY Act Protects Self-Custody Bitcoin from Abandoned Property Laws https://x.com/intangiblecoins/status/2081055716282953999 Vinteum Announces New Bitcoin Fellowship Cycle and Fellows https://x.com/vinteum_org/status/2080376273893728602 Jensen Huang's First X Post: NVIDIA Supports Open AI Models https://x.com/jensenhuang/status/2080643682408321103 Nigeria | Tinubu Establishes Virtual Asset Council Nigerian President Bola Tinubu signed an executive order establishing a coordinated framework for the regulation of digital assets. The new “Virtual Asset Council” will be chaired by the Central Bank of Nigeria, with the Nigerian Securities and Exchange Commission, Nigeria Revenue Service, and other financial and national security officials also involved. The Nigerian SEC will oversee virtual assets classified as securities, while the central bank will register payment, custody, settlement, and other non-security assets. FinancialFreedomReport.org Sparrow Wallet 2.5.3: ERA Hardware Wallet Support, XDG Directories, and PSBT Verification https://github.com/sparrowwallet/sparrow/releases/tag/2.5.3 Vexl v1.45.1: Performance Improvements and VCF Contact Backup https://github.com/vexl-it/vexl/releases/tag/v1.45.1_883 Amethyst v1.13.0: Napplet/nSite Browser Host, Cashu CLI Support, NIP-22 Comments, and Tor Onion-Location https://github.com/vitorpamplona/amethyst/releases/tag/v1.13.0 Blitz Wallet Android v0.7.14: Faster Payments, Transaction Filtering by Description, and Simplified UI https://github.com/BlitzWallet/BlitzWallet/releases/tag/Android-v0.7.14 India Forces GitHub to Remove Bitchat App https://x.com/callebtc/status/2080576044168339662 Bitchat Enables Offline Self-Transfer to Other Android Phones https://x.com/callebtc/status/2082106744788955310 Bitchat Coming to Smartwatches as Decentralized Mesh Walkie-Talkie https://x.com/callebtc/status/2082427446154997910 Bitle: Open-Source ESP32 Mesh Relay for Off-Grid Bitchat https://x.com/Alacritic_Super/status/2082055423109247402 Russia Charges Telegram Founder Pavel Durov with Facilitating Terrorism https://www.reuters.com/world/russias-fsb-charges-telegram-founder-durov-with-facilitating-terrorism-ifax-says-2026-07-29/ Colorado's New Restrictive Process for Buying Semi-Auto Firearms https://x.com/avaflanell_/status/2080706895787249842 3:33 - Blaze it 8:33 - Dashboard 9:48 - Corrections 14:03 - Strike inheritance 15:38 - CLARITY protects from Noah Doe 25:18 - Vinteum 28:13 - Jensen tweets 35:13 - Boosts 36:28 - HRF Story of the Week 38:43 - Software updates 55:43 - Durov flips off Moscow 57:48 - Colorado has fallen 1:01:33 - Geo time Shoutout to our sponsors: Strike https://strike.me/ Stakwork https://stakwork.ai/ Salt of the Earth https://drinksote.com/rhr Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/marty Newsletter https://tftc.io/martys-bent/ Podcast https://tftc.io/podcasts/ Follow Odell: Nostr https://primal.net/odell Newsletter https://discreetlog.com/ Podcast https://citadeldispatch.com/

Live reaction to the most uncertain FOMC meeting in years. What the markets are doing before and after. The two competing views driving the uncertainty. Any surprises in the Fed statements (YES!). Yields. Curves. TIPS. Swaps. All the relevant info. 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

When people hear the words “trade war,” they usually think of one person: Donald Trump. But while everyone has been watching Washington and Beijing, another potential trade war has been developing much more quietly—and this one could be even more disruptive than most people realize. And for one of its participants, a key line has just been crossed. 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----------------------------------------------------------------------------------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.bloomberg.com/news/articles/2026-07-28/germany-maps-china-s-weaknesses-in-preparation-for-a-trade-warhttps://www.youtube.com/watch?v=NmaOMHPQR1Ahttps://abcnews.com/International/wireStory/china-slaps-export-controls-14-eu-entities-retaliation-135045129https://www.youtube.com/watch?v=Fml0iDKyNaEhttps://www.n-tv.de/politik/Vier-von-fuenf-Deutschen-sind-unzufrieden-mit-der-Bundesregierung-id31083833.htmlhttps://www.bloomberg.com/news/articles/2026-07-27/german-industry-warns-energy-price-shock-is-crimping-investmenthttps://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

Plus: Oil prices jump after Iran launched a surprise attack on U.S. forces. And Ford shares rallies after raising outlook. Imani Moise hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets are navigating a complex web of Big Tech earnings, an upcoming Federal Reserve rate decision, and mounting geopolitical tensions. Lou Basenese, FOX Business Contributor and Executive Vice President for Market Strategy at Prairie Operating Company, joins FBN's Jackie DeAngelis to break down why the Central Bank is likely to hold interest rates steady, how a temporary pause in U.S.-Iran strikes is impacting oil prices, and why a surprisingly strong earnings season is providing underlying strength to Wall Street. Learn more about your ad choices. Visit podcastchoices.com/adchoices

There is a MAJOR dislocation across the entire marketplace you need to know about, and it starts with Nestle and French fries, not the fed funds rate. Swaps, inflation demand, curves, even oil; you name it. You think everyone agrees with the Fed or ECB about what's coming next, but the truth is the OVERWHELMING consensus is entirely different from what you're hearing. It's not even close and that's huge. 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. ----------------------------------------------------------------------------------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.reuters.com/video/watch/idRW802111062026RP1/https://www.youtube.com/watch?v=0ynA5KVpxKUhttps://www.youtube.com/watch?v=YxGWF-PF4FEhttps://www.bloomberg.com/news/articles/2026-07-23/nestle-agrees-to-sell-water-unit-stake-for-about-3-billionhttps://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 another Asian financial crisis can't happen. Not like 1997. Asian governments now have enormous foreign-exchange reserves. Their currencies are generally more flexible. Banks are better regulated. Officials supposedly understand contagion, currency mismatches, and the importance of acting quickly.In short, Asia learned its lesson. But what if that is the wrong lesson?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----------------------------------------------------------------------------------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.youtube.com/watch?v=cPJkRKFDoGghttps://www.youtube.com/watch?v=T3GD0_PyHcYhttps://www.youtube.com/watch?v=sYNBKZOkfPMhttps://www.youtube.com/watch?v=mHf01Jjwrechttps://www.youtube.com/watch?v=7MBctTpJCgwhttps://www.youtube.com/watch?v=f7DZVHAOBVkhttps://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

Google just reported something it had never reported in its entire history as a public company: Negative quarterly free cash flow. Not a small decline, either: $5.9 billion. From Japan to Thailand, China and the United States, the boom is producing some enormous numbers. What it is NOT producing—at least for the foreseeable future—is the real story.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. ----------------------------------------------------------------------------------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.reuters.com/world/china/chinas-june-trade-tops-forecasts-buoyed-by-ai-boom-2026-07-14/https://finance.yahoo.com/video/chip-stocks-fight-to-rebound-as-semiconductors-slip-into-bear-market-135658468.htmlhttps://www.instagram.com/reel/DUa50unFSzj/?hl=enhttps://www.facebook.com/FastMoney/videos/memory-surge-squeezes-mega-caps/990228643625342/https://www.instagram.com/reel/DRCybx2EcKk/https://finance.yahoo.com/video/metas-data-center-costs-are-skyrocketing-heres-what-you-need-to-know-203416070.htmlhttps://www.bloomberg.com/news/newsletters/2026-07-22/the-ai-export-boom-that-wasn-thttps://www.cnbc.com/2026/07/23/tesla-tsla-alphabet-googl-stock-today.htmlhttps://www.youtube.com/watch?v=O9tBCe-vR7ohttps://finance.yahoo.com/video/earnings-negative-cash-flows-make-big-tech-more-economically-sensitive-140918058.htmlhttps://www.bbc.com/news/articles/c235n47g8g8ohttps://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

Protect Your Retirement with a PHYSICAL Gold and/or Silver IRA https://www.sgtreportgold.com/ CALL( 877) 646-5347 - You Can Trust Noble Gold   I have personally known CEO Andy Schectman for nearly 20 years. Miles Franklin was the first official sponsor of SGTreport.com and I can tell you first hand that Andy Schectman is a completely trustworthy class act who knows more about the precious metals space than just about anyone else. In this MUST HEAR interview Andy shares information from a major Wall Street investment firm and from a world central bank that will make your toes curl. GOT PHYSICAL? It's not too late.   To contact Andy Schectman send him an email: info@milesfranklin.com or call (952) 582-6306   To buy PHYSICAL precious metals online visit SD Bullion: https://sdbullion.com/gold-silver-ira?utm_source=sgtreport   https://www.bitchute.com/video/o567hjTTZUM2/