Jeff Snider, host of the Eurodollar University podcast, returns to The Julia La Roche Show to discuss the current macroeconomic picture, characterized by confusion and ambiguity.
In this episode, Jeff explains the Fed's focus on consumer prices and the risks associated with this approach. Jeff also highlights the lurking risks in the commercial real estate market and the Chinese real estate bubble. He provides insights on asset allocation and portfolio construction in this uncertain environment.
Jeff is an expert on the global monetary system, specifically the Eurodollar money system, and all aspects of its misunderstood inner workings and how they impact global markets, commerce, and the economy. His podcast Eurodollar University (https://www.eurodollar.university/) aims to educate the public on the evolution, nature, and nuances of the Eurodollar system and true monetary principles.
Timestamps:
00:00 Introduction
01:05 Welcome Jeff and the macro view
03:08 Confusion and ambiguity in the economy
07:24 The Fed's focus on consumer prices
08:43 Market pricing and signaling
11:57 What the Fed should be focused on
14:30 Ambiguity in economic data
23:51 Fiscal support and the economy
26:39 Lurking risks: Commercial real estate and China
31:10 Asset allocation and portfolio construction
33:47 Eurodollar University and parting thoughts
