Podcasts about Deflation

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

Today's Post - https://bahnsen.co/3TdOnKh David Bahnsen discusses whether the U.S. has shifted from the 1990–2020 disinflation era to a higher structural inflation range, engaging Dr. Lacy Hunt's view that the prior 1.5–2.5% equilibrium may have broken toward 3.5–5% as globalization wanes. Bahnsen argues globalization aided disinflation but wasn't the sole driver, emphasizing Hunt's framework that rising government debt lowers money velocity, crowds out productive investment, and suppresses long-term growth. He questions whether deglobalization is truly structural, citing industrial-policy efforts as often half-hearted and inconsistently enforced. Turning to AI, he notes build-out is capital- and energy-intensive and can be temporarily inflationary, but sees two longer-run outcomes that both lean disinflationary: a favorable productivity-driven supply shock, or a recessionary bust if AI disappoints. He concludes the dominant backdrop remains excess government debt and spending depressing growth. 00:00 Welcome and Setup 00:28 Inflation Beyond Headlines 02:23 The Disinflation Era 1990-2020 04:08 Lacy Hunt and Debt Dynamics 06:35 Was Globalization the Driver 09:15 Is Globalization Really Ending 12:23 AI as the New Productivity Wave 14:02 Funding the Buildout 15:11 Two AI Outcomes Deflation Either Way 19:19 Final Takeaways and Signoff Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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

When people hear the words *private credit stress*, they usually imagine small, struggling companies loaded with debt—businesses most investors have never heard of. They assume the damage will remain contained among risky borrowers, private-equity deals, and obscure funds. But that misses the real warning. The changing credit environment is already affecting companies perceived to be among the safest and strongest in the world.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.youtube.com/watch?v=DOX89C-2I_Ehttps://www.youtube.com/watch?v=kVFPLv6ME-Ehttps://www.cnbc.com/video/2026/07/07/amazon-plans-to-raise-25-billion-in-bond-sale-sources-say.htmlhttps://www.youtube.com/watch?v=e5qalXD-SWM.https://www.bloomberg.com/news/articles/2026-07-07/amazon-returns-to-us-bond-market-to-fund-ai-infrastructure-buildhttps://www.reuters.com/legal/transactional/private-credit-boom-cools-lending-flows-slow-sharply-2026-06-05/https://www.pimco.com/us/en/insights/rupture-and-resiliencehttps://www.bloomberg.com/news/articles/2026-07-20/billionaire-mark-walter-s-firms-probed-by-federal-prosecutorshttps://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

On May 9, 1873, as the Vienna Stock Exchange collapsed and thousands of speculators were wiped out in a single afternoon, young Salbert von Rothschild and two colleagues from the Schey and Goldschmidt banking families were nearly lynched on the floor of the exchange by infuriated stockjobbers and had to be rescued by police. That same evening, oblivious to the carnage a few hundred yards away, the Prince of Wales hosted a gala dinner at the Ministry of Finance, and the following night Emperor Franz Joseph served a state dinner for the assembled heirs to the royal thrones of Europe. Within months, the panic had crossed the Atlantic and destroyed Jay Cooke, the man who had single-handedly funded the Union's Civil War effort, shutting down the New York Stock Exchange for ten days. Today's guest is Liaquat Ahamed, author of 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World. We discuss how the Rothschilds built their fortune smuggling gold across the English Channel during the Napoleonic Wars and became, relative to the size of the global economy, the richest family in history. We look at how Sultan Abdülaziz of the Ottoman Empire and Khedive Ismail of Egypt borrowed their nations into oblivion and were both destroyed for it, why the demonetization of silver was the most consequential economic blunder of the nineteenth century (Milton Friedman blamed it for the worst deflation in recorded history), and how a completely fabricated conspiracy theory about the Rothschilds bribing Congress sold 400,000 copies in the American heartland. Ahamed argues that the 1873 crisis created a twenty-year redistribution of wealth from farmers, workers, and small investors to the bankers most responsible for the crash, fueling populist movements that reshaped politics on every continent.See omnystudio.com/listener for privacy information.

The bond market just broke a major correlation at a particularly crucial moment. As the Warsh Fed sets out to stamp its mark on the market, the market is already stomping the narrative and doing so in a highly unusual way. UST & WTI have split up, with more than the Fed getting caught up in the burgeoning divorce. 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.cnbc.com/video/2026/07/16/pending-home-sales-june.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

Is Kevin Warsh about to finally put money back in the Federal Reserve? That might sound like a strange question. After all, this is the Federal Reserve. It is supposed to be the center of the monetary system. Its officials set what they call monetary policy, testify before Congress about it, and issue statements filled with the word “monetary.” Yet, for decades, the Federal Reserve's most important policy discussions have contained no information about actual money.That may finally be starting to change.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.youtube.com/watch?v=07cZsW54vO4https://www.federalreserve.gov/monetarypolicy/files/20260710_mprfullreport.pdfhttps://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

Why are Bitcoin miners suddenly at the center of the AI infrastructure boom? Fred Thiel, CEO of MARA, explains "mullet data centers" — AI in the front, Bitcoin mining in the back — and why power is the bottom layer of Jensen Huang's AI pyramid. He details MARA's joint venture with Starwood, load-balancing technology that follows wind power in real time, and lessons from Bitcoin mining that now apply to hyperscale data centers.

The divergence between oil and gas prices is now historic, and one simple calculation explains everything. That calculation is at a record high, and it's not even close. What it shows is why gas remains so expensive and is likely to stay that way for some time even though prices have fallen substantially from their wartime peak. Even though demand for oil has plummeted, and I mean plunged in places like China, and it's not all that great elsewhere. So why are gasoline and diesel still so expensive?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.clickorlando.com/video/news/2026/07/10/gas-price-roller-coaster-what-drivers-are-saying-as-pump-prices-spike-again/https://en.macromicro.me/series/4934/crude-oil-cracking-spreadhttps://www.eia.gov/todayinenergy/detail.php?id=1630https://www.eia.gov/finance/markets/products/prices.phphttps://www.bloomberg.com/news/videos/2026-07-13/ships-transit-the-strait-of-hormuz-in-secret-videohttps://www.bloomberg.com/news/videos/2026-03-05/china-orders-suspension-of-diesel-gasoline-exports-videohttps://www.cbsnews.com/detroit/video/diesel-fuel-tops-5-a-gallon/https://www.reuters.com/business/energy/us-refiner-margins-hit-new-records-fuel-shortage-concerns-grow-2026-07-16/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 is once again scrambling for dollars, kind of begging for them.  After spending months defending the rupee, the Reserve Bank of India is now offering generous support to banks to get them to raise foreign-currency deposits. They're being encouraged to get creative with it, everything from creating new products to using new digital channels. And, of course, the old school way of just jacking up the interest rate offer. All designed to get dollars into Indian hands. “Begging” might be a strong word, but only barely.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.youtube.com/watch?v=R03-x-Wmr7khttps://www.youtube.com/watch?v=KrVIwKnUkBchttps://www.youtube.com/watch?v=_jCp5wnM6Ighttps://www.youtube.com/watch?v=NF6bNaq2hVYhttps://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

Shocking CPI numbers for June. Plus a literal twist in the oil market which goes right along with them. ---------------------------------------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----------------------------------------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

Deflation - prices going down - is not necessarily good for the economy. Chris Conley explains on the WSAU Wisconsin News.See omnystudio.com/listener for privacy information.

What's the difference between recession and depression? Most people understandably think a depression is just a really bad recession. But that's not the case. These are in many ways two profoundly different circumstances. Think of it his way. A recession is a storm. A depression is a complete change in the climate. A recession is when the economy temporarily falls down. A depression is when it can't really get back, realizing the old world is gone and maybe for good. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------https://www.youtube.com/watch?v=4X0d6JzF7Mkhttps://www.youtube.com/watch?v=aN1xpCiFwLEhttps://www.federalreserve.gov/aboutthefed/cls-timeline/timeline/timeline_video.htm?03-06-5https://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

Bob uses U.S. economic history, centering on the greenback era, to work through some subtle but important distinctions in Austrian monetary theory. He also addresses whether free-market economies have a natural tendency toward price deflation under a commodity standard, why the stock-versus-flow distinction matters for understanding gold production and the price level, and how to distinguish "bad" policy-induced monetary deflation from the "good" price deflation that accompanies genuine productivity growth.Related:Patrick Newman, "The Depression of 1873-1879: An Austrian Perspective": Mises.org/HAP558aClarence Long, "The Course of Money Wages during 1860-1890": Mises.org/HAP558bBob's Understanding Money Mechanics: Mises.org/HAP558cBob's Article, "Hayek's Plan for Private Money": Mises.org/HAP558dThe Charts Shown in this Episode: Mises.org/HAP558e

Bob uses U.S. economic history, centering on the greenback era, to work through some subtle but important distinctions in Austrian monetary theory. He also addresses whether free-market economies have a natural tendency toward price deflation under a commodity standard, why the stock-versus-flow distinction matters for understanding gold production and the price level, and how to distinguish "bad" policy-induced monetary deflation from the "good" price deflation that accompanies genuine productivity growth.Related:Patrick Newman, "The Depression of 1873-1879: An Austrian Perspective": Mises.org/HAP558aClarence Long, "The Course of Money Wages during 1860-1890": Mises.org/HAP558bBob's Understanding Money Mechanics: Mises.org/HAP558cBob's Article, "Hayek's Plan for Private Money": Mises.org/HAP558dThe Charts Shown in this Episode: Mises.org/HAP558e

Head to https://gamma.app/signup to check out GAMMA and start designing today!Japan may have finally figured out why the yen keeps getting crushed. And no — it's not because some hedge fund in New York borrowed a few billion yen and YOLO'd it into U.S. Treasuries. That's the cartoon version of the carry trade. That's the version financial media repeats because it sounds simple: borrow cheap yen, buy higher-yielding assets overseas, yen goes down. But that is not the real carry trade.Eurodollar University's conversation w/Steve Van Metrehttps://www.facebook.com/FastMoney/videos/japanese-yen-is-flashing-major-warning-sign-for-market-bk-asset-managements-kath/2457269361418309/https://www.youtube.com/watch?v=YYPAgPp29UIhttps://www.youtube.com/watch?v=ubDFvdI02EQhttps://www.youtube.com/watch?v=Nnad9Bif87ohttps://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

PepsiCo just reported earnings. And buried inside a perfectly standard corporate press release was one of the most important sentences you'll hear about the American economy this year. CEO Ramon Laguarta said, and I'm quoting directly here: *"I think the consumer is worse than what we had anticipated, and it's driven mainly by gas prices."*That's not a fringe analyst. That's the chief executive of one of the largest consumer goods companies on the planet, a company that sells beverages and snacks to hundreds of millions of Americans every single quarter, telling you directly: something has changed. For one thing, credit card use dropped sharply, as we'll see. Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------https://www.cnbc.com/video/2026/07/09/pepsico-ceo-on-earnings-miss-there-has-been-an-impact-from-gas-prices.htmlhttps://www.cnbc.com/2026/07/09/pepsico-pep-q2-2026-earnings.htmlhttps://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-2-4-decrease-in-junehttps://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.

Robert Feldman and Michael Gapen discuss how AI could reshape growth, labor markets and productivity in the U.S. and Japan.Read more insights from Morgan Stanley.----- Transcript -----Robert Feldman: Welcome to Thoughts on the Market. I'm Robert Feldman, Senior Advisor at Morgan Stanley MUFG Securities in Tokyo. Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist. Robert Feldman: Today, we'll discuss why the U.S. and Japanese economies may react differently to the AI productivity test. It's Thursday, July 9th at 8 pm in Tokyo. Michael Gapen: And 9 am in New York. Robert Feldman: AI is the biggest theme around the world right now, but AI will play out differently in different economies. Take the cases of the U.S. and Japan. In the U.S., it's already a catalyst in investment, imports, productivity, and the labor market outlook. But here in Japan, it's seen as a savior for an economy with an intense labor shortage, low unemployment, and very little room to raise labor force participation. Mike, in the U.S., AI's contribution to real GDP growth will rise from about 0.05 percentage points in 2024 to an estimated 0.43 percentage points in 2027. What does that mean for markets? Michael Gapen: Well, Robby, I think it, it means a number of things, but, you know, I'm an economist, so the answer is always, "It depends." I think the real crux of the issue over time in the U.S., and therefore what it means for financial markets, is ultimately whether AI is labor replacing – and pushes the unemployment rate higher. Or it acts like a more traditional general-purpose technology that's labor augmenting. So, if, that's the case, meaning it looks similar to the internet and digital era, then it would mean faster output growth, stronger productivity growth, but still an economy that's running at or near full employment. That would be very beneficial in our estimation for risk assets, equity markets, credit markets, and it would probably mean that we stay in an interest rate environment that's certainly higher than it was during the post GFC period. But if – AI is a very different technology than we've seen in the past, and it displaces labor, and we get increases in the unemployment rate as AI diffuses through the economy. Then it could be very different for markets. Maybe returns to capital and equity markets are supported, but that might be more narrowly for technology stocks and not broader, say, consumer discretionary stocks. So, the answer, of course, is it depends. We don't know. And I think, ultimately, we come down on the side of thinking that AI will not create dystopian outcomes in the labor markets, that employment will hold up. So, we have a fairly constructive view, perhaps an optimistic view. And we think, ultimately it'll benefit markets greatly, similar to what we saw from the mid-90s to the early 2000's. Robert Feldman: Well, in your model, you have a particular variable that captures the speed of diffusion. But your baseline has AI spreading twice as fast as the internet did. But without that rise of employment. Is that really manageable? And if it's not, what economic indicators would warn us, if we're crossing into the danger zone? Michael Gapen: This is really the tricky part as, as you know. We have a new technology. We have to model how it diffuses through the economy. And I would say I think there's an argument here that penetration rates and usage rates are very different than what economists think about diffusion, which is how the production process is reshaped because of this new technology. And so most economists look at the internet and digital era and think it took 20-25 years to fully diffuse. Mass penetration in maybe 10 years, but full diffusion in more like 20-25 years. And so, each innovation cycle tends to happen more rapidly. So, I do think AI will spread more rapidly. And even by saying it spreads twice as fast as the internet did still means that it'll take roughly a decade, maybe 10-12 years for this to fully diffuse. So, our argument here would be that that is enough time for a flexible economy and a flexible labor market, like we have in the U.S., to rebalance labor. But if we're wrong, then Robby, what I think you will see is that as AI rolls through, it diffuses faster. And what we would see then is increases in rates of job separation and layoffs that would overwhelm the labor market's ability to reallocate workers. So, I think we would see two things – or three things: scale layoffs, a rise in the unemployment rate, and probably a significant amount of underemployment. Those who get rebalanced may be rebalanced into work that's not, say, consistent with the skill of that worker. So, I think we would see a very disrupted labor market in the process. But if it takes a decade, maybe 10-12 years, we think ultimately the U.S. economy is flexible enough to rebalance labor without large scale layoffs. Robert Feldman: Now, people are afraid of a lot of things, but one other thing is that AI might create new kinds of jobs, new kinds of tasks, have different impacts on people's wealth, and different responses from policymakers as well. How do these knock-on effects change the AI labor story? Michael Gapen: Yeah. That's right. I think you make a very good point there that I think it's easy to fall into what an economist would call a partial equilibrium trap. So, for example, we look at occupations exposed to AI task replacement, and we say, "Wow, if all these tasks are replaced, we might lose 10 million workers or 20 million workers." But that's too simplistic, in our view. Because as you note, AI may destroy some tasks or replace some tasks, but it's also going to create new ones. So, it may eliminate some types of occupations but create others. And in addition, if people are, say, laid off because of AI, you get a loss in labor market income for the economy. But AI will likely create returns to capital, say, stronger equity performance, and that's an indirect wealth effect. So, our model kind of, looks at, say, three wedges or three horse races in the economy then. It's about the speed of diffusion of AI against the ability of the labor market to rebalance. It's task destruction or task replacement versus new task creation. And then third, it's we might have weakness in labor market income in the short run, but there are indirect wealth effects. So, thinking about it this way in a richer general equilibrium context, these feedback effects matter a lot. So, the combination of if the labor market's disrupted, we get easing in monetary policy, maybe a fiscal response. There are new tasks, new jobs that are created for workers to rebalance to over time. And overall demand in the economy gets held up because wealth effects can offset some lost income. All of that is extremely important in our view that ultimately the U.S. economy can rebalance and handle the AI diffusion in a manageable way. We could be wrong, of course, but our main point here is you have to think about this in a richer context. You can't just simply, say, stack up workers and occupations and say, "Oh, we're going to lose a lot of employment." That's not the way innovation waves have worked in the past. We don't think they're going to work that way in the future. Robert Feldman: Mm-hmm. That's fascinating because the situation in the United States is so different from that in Japan, largely because of the demographic situation. Here in Japan, the key element is how much AI can ease the labor shortage. In fact, in some labor-intensive jobs now, we're seeing 6 percent wage increases, and that's great. As long as productivity rises fast enough that price hikes aren't necessary. Michael Gapen: So Robby, in your scenarios for Japan, the same 10 percent productivity gain can lead to very different outcomes. Deflation and weaker employment in one case. More inflation, higher wages, and more employment in another. What do you think drives the difference? Robert Feldman: Mm-hmm. Well, the crucial element really is the flexibility of goods and labor markets. With high flexibility, you get higher GDP, higher employment, and moderate inflation. With low flexibility, you may get a bit higher GDP, but employment plunges, and there's deflation of both prices and wages – more in wages. Now, in Japan, over the last two decades, we've seen monopoly power in key markets go down. For example, agriculture and energy. Labor markets are more flexible too, but lifetime employment system still applies to about two-thirds of the economy. And that deters people from trying to find better jobs and even from acquiring the skills needed for a new job. Michael Gapen: What conditions are needed for AI to be additive to Japan's economy? Robert Feldman: We need more reskilling. Japan is lucky because people are healthy, and they want to work into their 70s and beyond. But acquiring the skills to remain productive is a challenge, even though Japan's workforce is well-educated and still has a strong work ethic. So, to sum up, in the U.S., the race is between diffusion and absorption. But in Japan it's between labor scarcity and productivity. Is that fair? Michael Gapen: It is fair, and we come down on the side of optimism. We think diffusion will happen fast, but it'll happen at a pace that the U.S. economy can handle. So, we come down having a positive view overall. We do not lean in the direction of dystopian labor market outcomes. Robert Feldman: Mm-hmm. I agree with that as well for Japan. So, Mike, thanks for taking the time to talk. Michael Gapen: Great speaking with you, Robby-san. Robert Feldman: And thanks for listening, everyone. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

HSBC just did something that should make everyone in credit markets stop and ask one very uncomfortable question. If there is nothing to worry about with private credit…why is one of world's biggest banks pulling back from funding the funds that make it work? According to reporting from the Financial Times, HSBC has told some private credit borrowers that it will not renew their credit facilities. It is also refusing to provide “back leverage” to riskier funds. In plain English, HSBC is pulling back bigtime.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------https://www.ft.com/content/cb6413a7-f76e-49dc-9644-3e3ac8fee2e8?syn-25a6b1a6=1https://www.bloomberg.com/news/articles/2026-07-07/hsbc-retreats-from-riskier-private-credit-lending-ft-sayshttps://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 is cutting prices on thousands of products, not doing the Fed's inflation theory any favors. Coca-Cola. Pepsi. Laundry detergent. Lawn mowers. You name it. This is great news for consumers who have been hit with the gasoline shock. Here we have the biggest retailer in America lowering prices. The real story, though, is why Walmart is doing it. We've been warned by the markets and curves about what would happen once the tax refund money ran dry.  Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------https://www.youtube.com/watch?v=3_B0P308uyQhttps://www.cnbc.com/video/2026/07/07/walmart-cuts-summer-grocery-prices-trump-claims-credit.htmlhttps://www.cbsnews.com/news/walmart-price-cuts-beef-coke-pepsi-corn-ice-cream/https://www.wsj.com/business/retail/walmart-lowers-prices-on-thousands-of-items-including-beef-and-coca-cola-1f355f74https://www.nytimes.com/2026/07/06/us/politics/walmart-price-cuts-beef-trump.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

We just got a couple major updates that are connect some more dots on what is the biggest story in the global economy, all connecting to China. The oil market has undergone a radical – and I mean radical – change over the past few weeks. It first showed up last Thursday and is still going her today. Earlier this morning, Saudi Arabia comes out with a big announcement it is cutting the benchmark price of its oil for the first time since 2020. Those two together implicate Chinese oil demand and therefore its economy. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------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

Today, we're looking at one of the most intense and surprising signals coming out of global markets right now: the oil curve has gone almost perfectly flat. That may sound technical, but it is a huge development. In a normal shortage environment, especially after the kind of historic supply disruption and record backwardation we just saw, near-term oil should trade at a sustained premium. Instead, in the space of just weeks, that curve has collapsed, twisting into a shape that is on the cusp of saying there's too much oil.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. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------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 private credit bust is now starting to spread into AI and the AI buildout which up to now has been mostly financed by these shadow banks. The reason for it spreading is simple – the run on the shadow banks hasn't abated at all, with our favorite sad bird the latest to disclose laughably huge withdrawal requests. The danger for AI has always been the almost unlimited money it required to reach full capacity running out.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------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 no way to spin this, not that everyone won't try. The June employment report did not just come in weak or just miss expectations. It wasn't a little cooling after a decent stretch. No — the June jobs report strongly suggests the worst-case payback for the labor market is now unfolding.Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. ----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/L7x80By or code euro50 for 50% Off Monarch Core tier.Microsoft just announced another round of job cuts — thousands more layoffs — and almost immediately, the internet had its explanation ready. AI. “AI is taking the jobs.”  “White-collar work is being automated.” And look, that story is emotionally powerful. It feels like it explains everything. But it's completely missing the point. And for many of these announcements, that is the point. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------https://www.cnbc.com/video/2026/07/01/why-enterprises-want-in-house-ai.htmlhttps://www.cnbc.com/video/2026/07/01/palantir-ceo-alex-karp-says-something-has-gone-completely-wrong-with-how-ai-is-sold.htmlhttps://www.bloomberg.com/news/videos/2026-07-01/private-equity-bets-on-ai-growth-videoEmployers who laid off workers citing AI are already starting to regret ithttps://www.cnbc.com/2026/07/01/employers-who-laid-off-workers-for-ai-are-reversing-their-decisions.htmlCoinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches' and turned its org chart upside downhttps://finance.yahoo.com/markets/stocks/articles/coinbase-didn-t-just-lay-160748427.htmlCompanies backtrack after going all in on AIhttps://ia.acs.org.au/article/2025/companies-backtrack-after-going-all-in-on-ai.html55% of businesses admit wrong decisions in making employees redundant when bringing AI into the workforcehttps://www.orgvue.com/news/55-of-businesses-admit-wrong-decisions-in-making-employees-redundant-when-bringing-ai-into-the-workforce/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

European banks are doing something that looks irrational, preparing for something big while the rest of the mainstream focuses on the wrong people. The European Central Bank just raised its policy rate a few weeks ago, and officials over there in Frankfurt are warning they may hike again as they're still fixated on the inflation risk from the recent energy shock. The European banking system is not buying it, the inflation risk, the rate hikes, none of it. Literally not buying it. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------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 Japanese yen just fell to a forty-year low, and this has everyone talking, the government worried, because no one really knows what it means. What makes this so important is not just the level of the exchange rate. It is the fact that this is happening after Japan already tried almost everything that was supposed to stop it. That is the real issue, the government is being run over by a currency with a real story tell. Eurodollar University's Money & Macro Analysis-------------------------------------------------------------------------------If you have a retirement account and you've been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance.BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply.To learn more, go to https://eurodollarcrypto.com.This is a Paid advertisement. Not financial, investment, tax, or retirement advice. Crypto is volatile and may lose value. Past performance does not guarantee future results. Terms apply----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. This video will help explain what we really do here at EDU, what's behind our methodology. Why we talk about curves and signals, but, more importantly, why no one else does. And then at the end, how to use this information managing money and crafting portfolio strategies. https://youtube.com/live/We2aP56WLJ8?feature=share----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/eduhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Bitcoin just broke down again — falling below $60k to levels we haven't seen in nearly two years. But here's the strange part: this may not really be a Bitcoin story. Because if you pull up the chart of BlackRock you start to see something unexpected. Bitcoin and BlackRock stock haven't just been moving in the same general direction…they've been tracking each other in a way that looks a lot less like coincidence, and a lot more like a shared warning signal.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----------------------------------------------------------------------------------Webinar June 2026: Why Smart Investors Keep Missing Every Major Economic Turning PointIt isn't that they're buying the wrong assets. They're using a broken map of the monetary system — and getting it wrong leads to catastrophic decisions. Let's fix that. Sunday, June 28 @ 5:30pm ET. Sign up below. https://webinar.eurodollar-university.com/home----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

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

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

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

Welcome to Navigating Bitcoin's Noise, the show where we cut through the clutter and bring you the clearest insights on Bitcoin. I'm your host, Kane McGukin, and today I'm joined by Maryland Hodl, who is a Bitcoin researcher, transition analyst, and one of the sharper macro minds in this space. In this episode, we get into why Bitcoin's absolute scarcity is the only mechanism capable of absorbing the collapse of the debt-based monetary system, how the Fed-Treasury dynamic is quietly being restructured, and why the clock is ticking faster than most people realize with AI injecting deflation straight into the heart of a system. We dig into the sovereign flywheel, the collateral problem at the core of our debt spiral, and what a top-down Bitcoin pivot might actually look like. If you want a first-principles breakdown of where the monetary system is cracking, why Bitcoin's scarcity is the thesis that matters most right now, and how these two paradigm shifts, money and AI, are converging at exactly the same moment in history, this episode is for you. Fair warning, we jumped straight into the deep end on this one. No formal intro, no warm-up. We just started talking. So sit back, relax, and let's get started. Kane McGukinX: https://twitter.com/kanemcgukinSubstack: kanemcgukin.substack.com MarylandHODLX: https://x.com/MarylandHODL21Substack: https://marylandhodl.substack.com/

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

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

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

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

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

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

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

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

Let's talk about inflation going up and deflation as a wish….

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

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

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

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

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

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

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

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