Podcast appearances and mentions of jeff snider

With Monetary Metals, you don't just hold gold, you earn a real yield on it, paid monthly in physical gold, without ever giving up ownershipYou can learn more here  http://www.monetary-metals.com/Snider/HSBC reported shocking results regarding its Hong Kong real estate loans further establishing the proportions of the credit crisis underway there. The news was, however, in line with recent developments in the city, among its banks, and with their Chinese counterparts. The reason was simple enough: all of them are suffering from the same fatal flow which the world, not just SE Asia, is in the middle of paying for. Eurodollar University's Money & Macro AnalysisReuters HSBC profit tumbles as China losses mounthttps://www.reuters.com/business/finance/hsbc-profit-tumbles-china-losses-mount-2025-07-30/Guardian https://slguardian.org/hsbc-flags-73-of-hong-kong-commercial-property-loans-as-risky-amid-market-slump/Bloomberg Hong Kong's Economy Has Two Gravity-Defying Puzzleshttps://www.bloomberg.com/opinion/articles/2025-08-11/hong-kong-interest-rates-and-housing-market-are-puzzlesBloomberg Hong Kong Property Woes Persist Despite Banks' Vote of Confidencehttps://www.bloomberg.com/news/newsletters/2025-07-01/hong-kong-property-woes-persist-despite-banks-vote-of-confidencehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUhttps://youtu.be/gY3Wge-v1sI

I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!Oil tumbled today nearing its multi-year low as a massive supply glut hangs over the marketplace. But it's not supply where the glut is coming from. Meanwhile, rates also tumble as everyone - even the media - is getting ready for a September fifty out of the FOMC. In fact, these and the rest of the evidence are all the same thing, different sides of the same crude coin. Eurodollar University's Money & Macro AnalysisBloomberg Global Oil Markets Face Record Supply Glut Next Year, IEA Sayshttps://www.bloomberg.com/news/articles/2025-08-13/global-oil-markets-face-record-supply-glut-next-year-iea-saysIEA August 2025https://www.iea.org/reports/oil-market-report-august-2025Bloomberg Bets on Outsize Fed Cut Gain Steam as CPI Data Backs Doveshttps://www.bloomberg.com/news/articles/2025-08-12/bets-on-outsize-fed-cut-gain-steam-as-inflation-data-backs-dovesBloomberg CPI Report Boosts Market Bets on Larger September Fed Rate Cuthttps://www.bloomberg.com/news/articles/2025-08-13/bets-on-outsize-fed-cut-gain-steam-as-cpi-data-backs-dovesBloomberg Bessent Urges Fed to Lower Rates by 150 Basis Points or Morehttps://www.bloomberg.com/news/articles/2025-08-13/bessent-says-rates-should-likely-be-150-175-basis-points-lowerhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

With Monetary Metals, you don't just hold gold, you earn a real yield on it, paid monthly in physical gold, without ever giving up ownershipYou can learn more here  http://www.monetary-metals.com/Snider/Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!The macro situation is worse this summer compared to last summer, so where's Japan's carry trade? If the July 2024 jobs report provoked a violent financial backlash, you'd think the July 2025 version would have, too. The fact it didn't points to several key developments, important warnings from JPY and JGBs. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!Both McDonald's and Wendy's reported this past week that more Americans are skipping breakfast, not for some health fad but increasingly harsh economic circumstances. That view was further corroborated by the Fed which showed credit card usage fell again for the second straight time, a critical cyclical signal confirming the swing in the consumer economy. So, another Fed official tilts toward rate cuts. Eurodollar University's Money & Macro AnalysisBloomberg Fast-Food Breakfast Sales Fade as Diners Eat at Home, Skip Mealshttps://www.bloomberg.com/news/articles/2025-08-08/fast-food-breakfast-sales-fade-as-diners-eat-at-home-skip-mealsReuters Fed's Musalem: There are risks now to both the inflation and jobs goalshttps://www.reuters.com/business/feds-musalem-there-are-risks-now-both-inflation-jobs-goals-2025-08-08/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

With Monetary Metals, you don't just hold gold, you earn a real yield on it, paid monthly in physical gold, without ever giving up ownershipYou can learn more here  http://www.monetary-metals.com/Snider/The July jobs report has sparked an overdue reexamination of a bunch of "truths" everyone has simply take for granted: inflation is the biggest risk, bonds are being rejected because of debt, etc. Goldman Sachs finally decided to check that actual yield curve and was utterly shocked to find zero interest rates all over it. Eurodollar University's conversation w/Steve Van MetreBloomberg Goldman Sachs Says US Yield-Curve Shape Looks Like Zero-Rate Erahttps://www.bloomberg.com/news/articles/2025-08-06/goldman-sachs-says-us-yield-curve-shape-looks-like-zero-rate-erahttps://www.eurodollar.universityTwitter/X: https://x.com/JeffSnider_EDU

I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!This had never happened before, an unprecedented vote for the Bank of England's Monetary Policy Committee. Despite it, the Pringles can remains undeterred since this is what rate cutting cycles are. The destination remains the same and another drop in employment in the UK as well as France further proves it. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!Everything continues to point directly toward much lower rates, including what is setting up to be a repeat of last summer. As Steve and I said a few days ago in the wake of the unambiguously bad jobs report, watch the market and the Fed speakers this week. It's been only two days and they're doing just what we thought they would, putting the FOMC back on the road swaps paved for a fifty in September. Eurodollar University's Money & Macro AnalysisReuters Exclusive: Fed's Daly says time is nearing for rate cuts, may need more than twohttps://www.reuters.com/business/feds-daly-says-time-is-nearing-rate-cuts-may-need-more-than-two-2025-08-04/Dow Jones Kashkari leans toward rate cut as concerns about an economic slowdown grow at the Fedhttps://www.morningstar.com/news/marketwatch/20250806162/kashkari-leans-toward-rate-cut-as-concerns-about-an-economic-slowdown-grow-at-the-fedBloomberg Fed's Kashkari Says Rate Cut May Be Appropriate in Near Termhttps://www.bloomberg.com/news/articles/2025-08-06/fed-s-kashkari-says-rate-cut-may-be-appropriate-in-near-termBloomberg Bets on Fed Rate Cuts Are Sweeping Through US Bond Markethttps://www.bloomberg.com/news/articles/2025-08-05/bets-on-fed-rate-cuts-are-sweeping-through-the-us-bond-marketBloomberg Trump Says He Will Decide on Fed Governor Before End of the Weekhttps://www.bloomberg.com/news/articles/2025-08-05/trump-says-he-will-decide-on-fed-governor-before-end-of-the-weekhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

Shohei Ohtani pitched four innings, allowing just one run that wasn't his fault and striking out eight batters. On the offensive side, Ohtani hit a huge two-run homer to give the Dodgers the lead. What a great day, right? Unfortunately, Ohtani's LA teammates weren't able to put much else together offensively, and the defense was sloppy in ways that led directly to multiple runs. In the end, the Dodgers lost the game and the series to the Cardinals in frustrating fashion. Jeff Snider and Kevin Skinner talk about the Dodgers finally experiencing a little bit of the Tungsten-Arm O'Doyle curse and the offense feeling the effect of Max Muncy being out of the lineup. Tube in all season long! Leave a voicemail or text the Friend of the Show hotline!

The Federal Reserve reported a record increase in student loan delinquencies to go with high rates of souring household loans in credit cards and auto lending. The distress is another confirmation of macro deterioration starting with jobs and incomes. And that's just what the latest major economic release on US services showed today -- another alarming drop for employment. Eurodollar University's Money & Macro Analysis*****EDU's One Big Weekly Thinghttps://eurodollaruniversity.substack.com/*****https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Huge moves at the front part of the interest rate curve. Bills did something we haven't seen since April. Meanwhile, forward rates reacted to Friday's payroll numbers with crisis-level hedging and then held those prices today. Why? Simple: payrolls were the last of it. Eurodollar University's Money & Macro Analysis*****With Monetary Metals, you don't just hold gold, you earn a real yield on it, paid monthly in physical gold, without ever giving up ownershipYou can learn more here  http://www.monetary-metals.com/Snider/*****Bloomberg Job Market Healthy Despite ‘Disappointing' Report, Fed's Hammack Sayshttps://www.bloomberg.com/news/articles/2025-08-01/fed-s-hammack-says-job-market-healthy-despite-disappointing-datahttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

With Monetary Metals, you don't just hold gold, you earn a real yield on it, paid monthly in physical gold, without ever giving up ownershipYou can learn more here  http://www.monetary-metals.com/Snider/After a crazy week with everything else going on, copper's historic plunge almost flew under everyone's radar. But now with copper prices getting beyond tariff distortions, settling back in to the fundamentals revealed a shocking development - one that absolutely fits with everything else for the week, especially the payroll disaster. Eurodollar University's weekly conversation w/Steve Van Metrehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

*****To sign up and get started with GlintPay, go to glintpay.com and make sure to use the code SNIDER.*****The dollar is surging again. And while it's primary the euro taking the other side, just as importantly, if not more importantly, currencies like the rupee are tanking worse. INR hit another record low and that along with the euro's sharp reverse is a canary singing in the eurodollar coalmine...perhaps gasping. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

With Monetary Metals, you don't just hold gold, you earn a real yield on it, paid monthly in physical gold, without ever giving up ownershipYou can learn more here  http://www.monetary-metals.com/Snider/******Eurodollar University's One Big Thing Weeklyhttps://eurodollaruniversity.substack.com/Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale******Housing prices slid even farther in May, echoing previous data which has shown material weakness all across US real estate markets. The source of this downturn in housing isn't interest rates whatsoever. The rest of the days data showed instead where this is really coming from, starting with some truly grim results where it counts the most: hiring. Eurodollar University's Money & Macro AnalysisBloomberg US Housing Market Posts Worst Spring Selling Season in 13 Yearshttps://www.bloomberg.com/news/articles/2025-07-28/us-real-estate-market-high-prices-mortgage-rates-hamper-spring-home-sellingBloomberg US Job Openings Fall to 7.44 Million After Back-to-Back Jumpshttps://www.bloomberg.com/news/articles/2025-07-29/us-job-openings-fall-to-7-44-million-after-back-to-back-jumpsBloomberg Even Top Earners Are Falling Behind on Credit Card and Car Paymentshttps://www.bloomberg.com/news/articles/2025-07-29/credit-cards-car-loans-see-defaults-from-high-earners-in-hit-to-economyConference Board Consumer Confidence July 2025https://www.conference-board.org/topics/consumer-confidence/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The supply glut was never canceled. Almost everyone and every part of the oil market remains convinced it is happening, the potential weighing on prices and movements even if occasionally geopolitics gains control over short run periods. Important macro updates from Ireland to India further prove why the glut isn't being led by global supply. And if it wasn't enough sharp declines in US usage help clear it up even more. Eurodollar University's Money & Macro Analysis******Eurodollar University's One Big Thing Weeklyhttps://eurodollaruniversity.substack.com/Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale******Total Energies Q2 Reporthttps://totalenergies.com/system/files/documents/totalenergies_2Q25-results-press-release_2025_en.pdfBloomberg Oil Caught Between a $70 Summer and Growing Surplus Fearshttps://www.bloomberg.com/news/articles/2025-07-27/oil-prices-caught-between-a-70-summer-and-growing-surplus-fearsBloomberg Ireland's Economy Just Shrank for the First Time Since 2023https://www.bloomberg.com/news/articles/2025-07-28/ireland-s-economy-just-shrank-for-the-first-time-since-2023Bloomberg India Warns of Trade Risks Amid Trump Tariffs, Global Slowdownhttps://www.bloomberg.com/news/articles/2025-07-28/india-warns-of-trade-risks-amid-trump-tariffs-global-slowdownReuters China's industrial profits fall further in Junehttps://www.reuters.com/world/china/chinas-industrial-profits-fall-further-june-2025-07-27/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The JGB curve isn't behaving the way it "should", nor is that behavior universal to the entire curve. Not only that, similar patterns are playing out in US$ forward markets like term SOFR futures. Each of these curves are pricing therefore predicting the same general set of future outcomes, and, wildly enough, enormous difficulties in figuring out how and when to get there because of the same reason. Eurodollar University's conversation w/Steve Van Metre********If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/********https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Assuming the economy continues its downturn as all the major markets are pricing, what would that look like and what should we be looking for? That leads into the question of how deflationary money becomes a deflationary or depression economy in the first place. That means we need to examine economic mechanisms. Eurodollar University's Make It Make Sense******Eurodollar University's One Big Thing Weeklyhttps://eurodollaruniversity.substack.com/Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

June housing data is in...and it is looking worse for real estate in the US. The Florida market is leading the way. Everyone is blaming "historically high rates" for the growing bust. Not only is that demonstrably false, the real reason has broad implications for interest rates and a lot more.  Eurodollar University's Money & Macro Analysis******If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/************https://eurodollaruniversity.substack.com/Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale******NAR Existing-Home Sales Report Shows 2.7% Decrease in Junehttps://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-2-7-decrease-in-juneNewsweek Map Shows Where Florida House Prices Are Dropping Fastesthttps://www.newsweek.com/map-where-florida-house-prices-dropping-fastest-2099013Newsweek Florida Housing Market Doing Something 'Unusual' in Multiple Citieshttps://www.newsweek.com/florida-housing-market-doing-something-unusual-multiple-cities-2094174WUSF 'Nothing's falling off the cliff': A look into Florida's real estate market, slowdown of home saleshttps://www.wusf.org/the-florida-roundup/2025-06-16/a-look-into-florida-real-estate-markethttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The ECB's latest Bank Lending Survey (BLS) adds more evidence to the behavior we've already been chronicling from among Europe's and the world's financial institutions. They are increasingly negative on especially consumers. We know what that means, too: jobs. Eurodollar University's Money & Macro Analysis******https://eurodollaruniversity.substack.com/Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale******ECB Second Quarter 2025 Bank Lending Survey https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.pr250722~17414c3656.en.htmlWorld Bank Global Economy Set for Weakest Run Since 2008 Outside of Recessionshttps://www.worldbank.org/en/news/press-release/2025/06/10/global-economic-prospects-june-2025-press-releasehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Freddie Freeman hit a walkoff single to help the Los Angeles Dodgers win the series over the Twins, about 18 hours after LA manager Dave Roberts described their situation as “rock bottom.” The game was not without its hiccups, as Kirby Yates took over after a Tyler Glasnow gem and immediately coughed up the lead. Jeff Snider and Kevin Skinner are here to talk about the series win, the major bullpen struggles, and where the Dodgers stand right now. Plus, Shohei Ohtani has homered in five straight games, which might come up! Sound off in the comments! Tube in all season long! Leave a voicemail or text the Friend of the Show hotline!

There are reports HK bankers are already informally discussing how to structure a "bad bank." Earlier today, other reports said monetary authorities in Hong Kong were circulating the "crisis letter." The situation has taken a turn for the serious, a warning to the rest of the world because what HK is trying desperately to come to grips with is the same major problem as everyone else has, where the bubbles and now busts came from in the first place. Eurodollar University's Money & Macro Analysis******https://eurodollaruniversity.substack.com/Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale******HKMA's "Crisis Letter"https://www.hkma.gov.hk/media/eng/publication-and-research/reference-materials/banking/fa03.pdfBloomberg Hong Kong Regulators Revive Crisis Playbook to Rescue Landlordshttps://www.bloomberg.com/news/newsletters/2025-07-22/hong-kong-regulators-revive-crisis-playbook-to-rescue-landlordsBloomberg Hong Kong's $25 Billion Pile of Soured Debt Spurs Talks to Form ‘Bad Bank'https://www.bloomberg.com/news/articles/2025-07-16/hong-kong-s-25-billion-debt-woe-sparks-talks-on-bad-bankFitch Lower HIBOR May Not Fully Address Hong Kong Banks' Asset Quality Pressurehttps://www.fitchratings.com/research/banks/lower-hibor-may-not-fully-address-hong-kong-banks-asset-quality-pressure-19-05-2025HIBOR rateshttps://www.hkab.org.hk/en/rates/hiborhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The Los Angeles Dodgers were already likely to be looking for bullpen help at the trade deadline, and that need intensified with Tanner Scott's recent injury. In this episode, Clint Pasillas and Jeff Snider dig into (at least) 14 names of players who have been linked to the Dodgers in trade rumors. Lots of relievers, plus some starters and outfielders. Sound off in the comments! Tube in all season long! Leave a voicemail or text the Friend of the Show hotline!

Payback is finally here? The implications of the latest report on trade suggest we're finally moving far enough away from all the recent distortions to gain a better sense of whether this really is the "main event." One of those warns trade volumes might crash from here. Plus, another critical forward-leaning measure just flashed a recession signal. All of which consistent with market positions. Eurodollar University's Money & Macro Analysis******If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/************https://eurodollaruniversity.substack.com/Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale******Bloomberg US Container Volumes Set for Sharp Reversal on Tariff Disruptionhttps://www.bloomberg.com/news/articles/2025-07-21/us-container-volumes-set-for-sharp-reversal-on-tariff-disruptionCNBC Port of Los Angeles sees record container traffic as shippers race to beat Trump's tariff deadlineshttps://www.cnbc.com/2025/07/14/port-of-los-angeles-record-container-traffic-trade-war-shipping-tariffs.htmlCNBC In middle of Trump's trade war, importers hold more cash and move inventory off the bookshttps://www.cnbc.com/2025/07/14/trump-trade-war-tariffs-supply-chain-inventory-cash.htmlCNBC Online shopping sees biggest slowdown in over decade as tariffs disrupt e-commerce: Surveyhttps://www.cnbc.com/2025/07/01/online-retail-sees-biggest-slowdown-in-decade-tariffs-hit-e-commerce.htmlBloomberg Bessent Says Fed ‘A Little Off,' Flags Signal From Two-Year Ratehttps://www.bloomberg.com/news/articles/2025-07-03/bessent-says-fed-a-little-off-flags-signal-from-two-year-ratehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Moody's latest report on credit market dynamics showed a significant increase in the number of distressed borrowers, primarily those relating to private equity. In addition, bank stats show that while everyone else has forgotten about commercial real estate and its underlying bust, domestic banks have not and have been quietly yet persistently reducing their exposures to it. Participants in both sectors are following the same rule of thumb: avoid defaults at all costs. Eurodollar University's conversation w/Steve Van Metre ******EDU Memberships Anniversary Salehttps://www.eurodollar.university/sale******Bloomberg Fed's Waller Hints at July Dissent as He Makes Case for Rate Cuthttps://www.bloomberg.com/news/articles/2025-07-18/fed-s-waller-says-private-sector-job-worries-drive-rate-cut-callBloomberg Waller Says Fed Should Cut Rates Now With Labor Market on Edgehttps://www.bloomberg.com/news/articles/2025-07-17/waller-says-fed-should-cut-rates-now-with-labor-market-on-edgehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Two major markets, two VERY different conclusions and outlooks. The diverging views and prices revolve around what really happened in April. Was it a one-off overreaction to tariffs? Or was the deflation confirmation of more than just potential volatility? Both markets are doubling and tripling down on their separate views, each reaching record or near-record levels for them. Eurodollar University's Money & Macro Analysis******If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/************Eurodollar University's Anniversary Salehttps://www.eurodollar.university/sale************Eurodollar University July 10 Webinar Replayhttps://event.webinarjam.com/go/replay/29/3y5kpclzi20tz1t5******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Only a week after the Reserve Bank of Australia decided to pause its rate cutting series, the Australian government reported a rash of exceptionally weak labor data, including the highest unemployment rate for the country in four years. RBA wasn't alone; the Bank of England is finding out the same in the same hard way. Central bank rate cut pauses aren't unusual, and they almost always end just like this.  Eurodollar University's Money & Macro Analysis******If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/******ONS UK CPI June 2025https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2025Bloomberg UK Unemployment Increases to 4.7%, Highest Rate in Four Yearshttps://www.bloomberg.com/news/articles/2025-07-17/uk-firms-cut-jobs-wage-growth-slows-in-cooling-labor-markethttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Three months ago, hotel operators were confident that the consumer downturn they were experiencing would end being a relatively quick pain. After the tariff matter was finally settled, Americans would sure go back to spending as they always seemed to. Instead, a whole bunch of critical and alarming data out just today has poured oceans of deflationary cold water on the recovery hope. Eurodollar University's Money & Macro AnalysisReuters Hilton cuts 2025 revenue growth forecast as US travel demand softenshttps://www.reuters.com/business/hilton-cuts-2025-revenue-growth-forecast-economic-uncertainty-weighs-2025-04-29/PRNewswire WYNDHAM HOTELS & RESORTS REPORTS STRONG FIRST QUARTER RESULTShttps://www.prnewswire.com/news-releases/wyndham-hotels--resorts-reports-strong-first-quarter-results-302442939.htmlWyndham lowers 2025 RevPAR expectations amid dampened consumer sentimenthttps://www.hoteldive.com/news/wyndham-q1-2025-earnings-lower-revpar/746863/YahooFinance United, American, Southwest all surge after Delta's outlook lifts fortunes for US airlineshttps://finance.yahoo.com/news/united-american-southwest-all-surge-after-deltas-outlook-lifts-fortunes-for-us-airlines-144400677.htmlBloomberg US Producer Prices Stagnated on Decline in Services Costshttps://www.bloomberg.com/news/articles/2025-07-16/us-producer-prices-stagnated-on-decline-in-services-costshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Five months and little to show for it. Tariffs have been applied for that long, yet consumer prices remain suspiciously tame. The real story isn't the possible pass-through of trade duties, its why that isn't happening on a far broader basis. We got more evidence for why from American bank balance sheets. Eurodollar University's Money & Macro AnalysisBLS June 2025 CPIhttps://www.bls.gov/news.release/cpi.htmBloomberg US Core CPI Rises Less Than Expected Again Despite Tariff Impacthttps://www.bloomberg.com/news/articles/2025-07-15/us-core-cpi-rises-less-than-expected-for-a-fifth-straight-monthBloomberg US 30-Year Yield Tops 5% as Traders Pare Bets on Rate Cutshttps://www.bloomberg.com/news/articles/2025-07-15/treasuries-gain-after-inflation-report-meets-economists-forecasthttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Jamie Dimon, CEO of JP Morgan, had some very harsh words and a pointed warning. He said the world was at high risk from tariffs. And while the activities of "his" bank largely agree with the high degree of risk, it's the complete opposite from what Dimon said publicly. This is not the first time this has happened, either. When the risks are greatest, JPM's CEO says one thing while JPM itself does the opposite. Eurodollar University's Money & Macro Analysis*****If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/*****JP Morgan letter to shareholders April 2024https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/ceo-letter-to-shareholders-2023.pdfJP Morgan second quarter 2024 press statementhttps://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/2nd-quarter/36a0b862-cc80-4e28-bf1b-5cfa07dc9637.pdfBloomberg JPMorgan's Dimon Warns Markets Are Complacent on Tariffshttps://www.bloomberg.com/news/articles/2025-07-10/dimon-says-an-eu-us-tariff-framework-needs-to-get-doneBloomberg Dimon Says Prepare for 4% Yields, Potential Volatility Risehttps://www.bloomberg.com/news/articles/2018-05-08/dimon-says-prepare-for-4-yields-sees-potential-volatility-riseCNBC Jamie Dimon cautions the 10-year Treasury yield could hit 5%: ‘It's a higher probability than most people think'https://www.cnbc.com/2018/08/06/jp-morgans-jamie-dimon-cautions-10-year-treasury-note-rate-to-hit-5-percent.htmlBloomberg Weakest U.S. Bond Auction in Decade Validates Dimon's Warninghttps://www.bloomberg.com/news/articles/2019-05-08/low-yield-bad-seasonals-and-trade-trip-up-u-s-10-year-auctionhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

All Dodgers host Jeff Snider is joined by Justin from Future Dodgers to discuss LA's 2025 draft, which saw the team draft 14 pitchers, four outfielders, two catchers, and a shortstop. Dig into the highs, lows, and in-betweens of this year's draft class for Los Angeles. Share your thoughts in the comments! Tube in all season long! Leave a voicemail or text the Friend of the Show hotline!

Asia is suddenly awash in deflation. Japan is now experiencing it. And while not necessarily new for China, the acceleration downward to producer prices hints at deterioration in demand, overseas as well as locally. It's become a big enough change the government in Beijing crucially appears to shifting its own economic focus, a potentially profound worldwide signal. Oh, and Jamie Dimon.Eurodollar University's conversations w/Steve Van Metrehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The country's top bank regulators have proposed a major change to the banking rules. Some say this is like a stealth QE, everyone else appears equally confused. We'll get into what the new changes mean. More important, where these various ratios came from and why bank they are so hyped when they really shouldn't be. Eurodollar University's Make It Make Cents*****If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/************You can still watch the webinar replay here:https://event.webinarjam.com/go/replay/29/3y5kpclzi20tz1t5******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

A July rate cut is far from off the table. In addition to the macroeconomic evidence, the FOMC minutes from last month's meeting make clear there really isn't some divide among policymakers. In fact, the text leaves the distinct impression officials really don't want to a repeat of last year. Eurodollar University's Money & Macro Analysis

Amazon Prime Days have been doubled to four, simply confirming just how this year really is different for the consumer economy. It is merely the latest to testify for highly unusual weakness. Along with a sharp drop in credit card usage, the historically unusual decline in weekly worker earnings show exactly why there are four Prime Days this year. Eurodollar University's Money & Macro Analysis*******To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******NBC News Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increaseshttps://www.nbcnews.com/business/business-news/amazon-extends-prime-day-discounts-4-days-retailers-weigh-tariffs-pric-rcna217510Bloomberg Amazon Sellers Curb Prime Day Discounts With Tariffs Taking Bitehttps://www.bloomberg.com/news/articles/2025-07-08/amazon-sellers-curb-prime-day-discounts-with-tariffs-taking-bitehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

This wasn't supposed to happen. In fact, many said it was impossible up to and including central bank officials at the Federal Reserve. Yet, one of them, the head of the all-important New York branch, just released a report which say the market is taking ZIRP possibilities very seriously - and so should those at the highest levels of the Fed. Eurodollar University's Money & Macro Analysis*****If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/************To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******FRBNY Liberty Street Blog The Zero Lower Bound Remains a Medium‑Term Riskhttps://libertystreeteconomics.newyorkfed.org/2025/07/the-zero-lower-bound-remains-a-medium-term-risk/FOMC Transcript March 2007https://www.federalreserve.gov/monetarypolicy/files/FOMC20070321meeting.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Other than a leadoff homer by Shohei Ohtani, the Los Angeles Dodgers didn't really have any answer for rookie phenom Jacob Misiorowski of the Brewers. But Clayton Kershaw was nearly as effective, at least in the run-prevention department. Unfortunately, it was not enough, as the Dodgers dropped their fifth straight game. In other news, Yoshinobu Yamamoto will not pitch in the All-Star Game. Jeff Snider and Kevin Skinner are here to talk about it all. Tube in all season long! Leave a voicemail or text the Friend of the Show hotline!

The world is supposed to be all over the "sell America" trade, so why is it only this one key currency is? The thing is now sticking out like a sore thumb as more and more pile onto "sell America" here without any corroboration at all. Even FX modelers are confused by this insistence. What happens when everyone is on one side of a transaction under false assumptions? It converges. Sometimes violently. Eurodollar University's Money & Macro Analysis*******To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******Bloomberg Misfiring Models Leave Wall Street Currency Traders Flying Blindhttps://www.bloomberg.com/news/articles/2025-07-07/misfiring-models-leave-wall-street-currency-traders-flying-blindhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Is this the payback? The rate cuts aren't working and that can only mean more of them. The best current examples are to north and south of the US where rolling over has taken on a new sense of urgency, especially since both are, at the margins, a proxy for American demand.Eurodollar University's conversation w/Steve Van Metre*******To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

It was supposed to be one single out-of-control Wall Street bank. When authorities were forced to look into the matter, what they uncovered was a shocking. Not one but EVERYONE. Yet, after uncovering what was going on, the full astonishing scale, they never figured out WHY. And that was the whole thing, what the scandal said about a world that had already drastically changed. Eurodollar University's Make It Make Cents*******To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******Treasury Joint Report on the Government Securities Market (Jan 1992)https://home.treasury.gov/system/files/276/joint-report-on-the-government-securities-Market-1992.pdfLA Times Taming the Bond Buccaneers at Salomon Brothers : How Warren Buffet and friends swept up after the Salomon scandal, possible saving the firm from federal regulators furious after a decade of skuldggery [sic] on Wall Street.https://www.latimes.com/archives/la-xpm-1992-02-16-tm-4654-story.htmlSEC Chronology of Salomon Scandalhttps://www.sechistorical.org/collection/papers/1990/1991_1016_ChronologySalomonT.pdfJay Powell Treasury Markets and the TMPG (Oct 2017)https://www.federalreserve.gov/newsevents/speech/powell20171005a.htmhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swapsLike last month, this June payroll report was taken one way in the mainstream while the details went entirely in the other direction. Headline was a beat and the unemployment rate stalled. Yet, the former was ironically a product of government jobs while the latter slid a tiny amount for ALL THE WRONG REASONS.

There is something going on in the money system with collateral. We've been covering bills and the latest data sheds more light on what is likely happening. It is something we've seen many times before. That's not a good sign. Eurodollar University's Money & Macro Analysis*******To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Fedex is a global bellwether for good reason. What the company said about the economic environment at the start of Q3 was...nothing. But in choosing not to forecast anything, the company said a lot especially given the evidence that has come piling up. We haven't seen consumer spending and incomes like this in America since 2020. That's not a typo. Flat Beveridge. Eurodollar University's Money & Macro Analysis*******To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Big moves in yields, especially at the front. While twos are making a move on their own, it's the very front at the first-in-line bills that draws our attention. Steepening has been given a boost by some ugly recent data from right where it counts - incomes and spending.Eurodollar University's conversations w/Steve Van Metre*****If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/************To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/channel/swaps******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

AI shouldn't provoke fear and anxiety, it should raise expectations for regular 4-day workweek with 3-day weekends. Artificial Intelligence represents a potential major leap in labor productivity. The end result isn't a desolate hellscape which leaves everyone unemployed, it's instead something economics (small "e") is very familiar with. webinar link https://event.webinarjam.com/channel/swapsEurodollar University's Make it Make Cents*******To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/register/29/4yzg6cx2******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

To sign up for our webinar on July 10, follow the link below:https://event.webinarjam.com/register/29/4yzg6cx2It never was entirely tariff distortions. Everyone had tried to dismiss Q1 as an anomaly. Later revisions have instead shown there is indeed a shift happening among US consumers. Even Winnebago agrees and RVs are the canary for the canary in the macro coalmine. Beveridge is getting closer. Eurodollar University's Money & Macro AnalysisBloomberg US GDP Revised Lower as Consumers Slash Services Spendinghttps://www.bloomberg.com/news/articles/2025-06-26/us-gdp-revised-lower-as-consumers-slash-recreation-spendingWinnebago https://winnebago.gcs-web.com/static-files/e0acc2ce-9a34-456d-8f68-a8235351493aWSJ Winnebago Cuts Guidance as Soft Demand Hurts RV Retail Saleshttps://www.wsj.com/business/earnings/winnebago-cuts-revenue-profit-outlook-after-declines-0b3a9053https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The housing market keeps spitting out alarming signs of a growing bust. Sales are down huge, prices are actually falling - and that's the government's estimates. Most of all, this is directly connected to the economy and especially jobs. Eurodollar University's Money & Macro Analysis******If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/******Bloomberg Bond Traders Boost Bets US 10-Year Yield Will Dive Toward 4%https://www.bloomberg.com/news/articles/2025-06-24/bond-traders-boost-bets-that-us-10-year-yield-to-dive-toward-4Bloomberg US New-Home Sales Drop by Most Since 2022 on Poor Affordabilityhttps://www.bloomberg.com/news/articles/2025-06-25/us-new-home-sales-drop-to-seven-month-low-on-poor-affordabilityConference Board https://www.conference-board.org/topics/consumer-confidenceReuters https://www.reuters.com/business/us-consumer-confidence-deteriorates-june-2025-06-24/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Swiss francs are soaring again. This isn't a "sell America" trade (which doesn't exist), or the crashing dollar (also doesn't exist). The monetary system remains on edge and now we know why. The shocking full story of what really happened in April and how close we were to the shadow's edge. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Florida has long been the housing canary in the national real estate coalmine. The situation in the Sunshine State is anything but sunny with prices even outright declining in six key areas. That's just where the downturn is most pronounced right now. The excuses for an increasingly ugly housing market have worn out as the real story is finally being revealed. Eurodollar University's Money & Macro AnalysisIf you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Kenny's Channelhttps://www.youtube.com/@KenMcElroyVideo w/Jeffhttps://www.youtube.com/watch?v=hDQunoS96X4FRB Vice Chair Michelle Bowman Unintended Policy Shifts and Unexpected Consequenceshttps://www.federalreserve.gov/newsevents/speech/bowman20250623a.htmNAR Existing-Home Sales Report Shows 0.8% Increase in Mayhttps://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-0-8-increase-in-mayNewsweek Most Florida Housing Markets Are in Troublehttps://www.newsweek.com/most-florida-housing-markets-trouble-2086554Bloomberg US Spring Homebuying Season Has Its Weakest Start in Five Yearshttps://www.bloomberg.com/news/articles/2025-05-14/us-spring-homebuying-season-has-its-weakest-start-in-five-yearsBloomberg US Home Resales Stay Sluggish on Affordability Constraintshttps://www.bloomberg.com/news/articles/2025-06-23/us-home-resales-stay-sluggish-on-affordability-constraintsNAR May 2024https://www.nar.realtor/newsroom/nar-chief-economist-lawrence-yun-predicts-falling-long-term-interest-rates-rising-existing-homehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The Fed is going cut...in July. Period. Book it. Conditions have drastically changed and the officials shift is now underway. Rates are going down everywhere, including in DC.Eurodollar University's conversation w/Steve Van MetreCNBC Fed Governor Waller says central bank could cut rates as early as Julyhttps://www.cnbc.com/2025/06/20/fed-governor-waller-says-central-bank-could-cut-rates-as-early-as-july.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

A lot of people, maybe even a majority, find the idea of a two-decade long depression too far-fetched to take seriously. Something like that could never, ever happen. Could it? The problem is most everyone's idea of what a depression is needs to be corrected - another huge piece left missing by Economics. What is a depression? Way too familiar. Eurodollar University's Make It Make CentsNBER Cycle Dateshttps://www.nber.org/research/data/us-business-cycle-expansions-and-contractionsNYT Sept 19, 1873https://timesmachine.nytimes.com/timesmachine/1873/09/19/issue.htmlDavid A. Wells The Economic Disturbances Since 1873https://en.wikisource.org/wiki/Popular_Science_Monthly/Volume_31/July_1887/The_Economic_Disturbances_Since_1873_IHenry George Causes of Business Depressionhttps://bibliotek1.dk/english/by-henry-george/articles-and-speeches/causes-of-business-depressionJM Keynes A Tract on Monetary Reformhttps://ia902905.us.archive.org/35/items/tractonmonetaryr0000keyn/tractonmonetaryr0000keyn.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU