Eurodollar University This Shouldn’t Be Possible...
18 snips
Jan 6, 2026 The podcast delves into a synchronized loss of economic momentum across the globe. It highlights troubling trends in manufacturing, with countries like Germany and Mexico facing significant downturns. Jeff discusses how weak demand signals are evident in TIPS and treasury markets, reflecting subdued inflation expectations. Also covered are the impacts of eurodollar tightening and foreign reserve sales, indicating broader funding stress. Collectively, these insights paint a concerning picture of the global economy.
AI Snips
Chapters
Transcript
Episode notes
Globally Synchronized Loss Of Momentum
- Global economic loss of momentum is synchronized across countries and sectors.
- Jeff Snider links this to eurodollar monetary tightening and reduced trade activity.
Monitor Market Signals For Early Warning
- Watch TIPS breakevens and treasury yields as early indicators of global demand shifts.
- Monitor foreign-held reserve asset flows and repo fails for eurodollar funding stress signals.
TIPS And Treasuries Price Global Trends
- Treasury and TIPS markets reflect global expectations, not solely U.S. inflation.
- Breakevens weakening show markets anticipate suppressed goods pricing despite higher input costs.