Jeffrey P. Snider | TalkMarkets | Page 212
Chief Investment Strategist
Contributor's Links: Eurodollar University
Jeff is an Investment Strategist and currently runs Eurodollar University. Formerly the Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheaded the investment research efforts while providing close contact to Alhambras client base. Jeff joined Atlantic Capital ...more

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The Common Economy Of 2015
With financial markets sharply glued to the "dollar’s" renewed mischief, that means everything lies at the feet of the global economy.
Job Openings And JOLTS Crossed Signals
The updated JOLTS numbers for September just confirmed more nonsense on the part of the BLS. Job openings continue to be all their own while the rest of the data series, even as the whole is indexed to the CES, at best stagnates.
October 15 Again, With Some China Emphasis
Copper prices closed yesterday at a new low just barely above the intraday low of August 24. In early trading today, the front maturity has blown past that point and traded as low as $2.164, and currently around $2.175 for another multi-year low.
Math Is Money: Tracking Through Swap Spread Possibilities
As banks have trickled out their third quarter balance sheet filings, we gain more insight into the events of that quarter as well as some additional color as to the ongoing drama of the current one.
China’s Obvious Baseline
Retail sales accelerated and by the smallest increment; in context, however, at 11% retail sales are still lower than the worst month of the China’s end of the Great Recession.
The Conspicuous Temperature Gradient Of Finicky U.S. Consumers
Janet Yellen and orthodox economists claim that the economy can only be gaining, and that word is taken, on faith, as if some updated, modern gold standard for meaning.
No Country For Old Dogma
By all count of orthodox economics, the harmonization of “inflation” rates across the US, Europe, and China should not happen.
Amazingly, Still No Wholesale Improvement
The release of wholesale sales for September showed very little change in the stretching condition of sales against inventory.
Money Markets Ablaze But Don’t Blame The FOMC Just Yet
You couldn’t really call it a calming effect, as rates never truly settled down rather simply becoming less obviously meddlesome.
The Central Focus Of China
Central banks have made it their very business to control it, or at least its form in consumer prices, in order that their assessment of the Great Depression might not be ever repeated.
Self-Reinforcing
Last week’s survey data around the world was a bit more mixed than anyone would have liked, an obvious statement that yet deserves the emphasis.
Dealers Are Still Hoarding
With the state of the "dollar" being what it is, including the devastating darkening afforded by negative swap spreads everywhere, it isn’t exactly surprising to find that primary dealers continue to hoard UST collateral.
The Real Flows Of China
The unrelenting economic decline in China is finally getting the attention of economists and the media as something more than a big problem "for them."
The Quick Burn Of Balance Sheet Capacity Is The Recovery's Mangled End
While the stock market had one of its best months in years, it was, like the jobs report, uncorroborated by almost everything else.
What Can Yellen Really Do?
Eurodollar futures are "obliged" to take account of any threats from the FOMC even though, in the end, they might only be self-fulfilling.
There’s No ‘E’ So ‘Q’ Is Just Formal Imagination
It all started with Japan so it makes sense to start there. As anyone who wishes might know, the Bank of Japan has pioneered the QE business to the point beyond extrapolation.
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