Jeffrey P. Snider | TalkMarkets | Page 213
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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Always Back To Income (Lack Of)
Spending and wage growth disappointed in September, particularly as incomes barely register any growth. By any useful, historical standards, both spending and income remain stuck in what may amount to positive numbers but nothing close to healthy.
How We Got Here: The Fed Warned Itself: Part 2
Financial institutions around the world have announced massive write-offs due to the credit crunch, with German banks such as WestLB and Sachsen LB being particularly hard hit by their exposure to obscure subprime-related investment vehicles.
Greater Detail On Eurodollar Anecdotes
The “dollar” is bank balance sheet construction and that just isn’t happening anymore. Central banks, in true recognition, only count where they can somehow influence those factors.
GDP Report Is Now Only About Tallying The Ongoing Cost
What matters of the GDP report is its backward calculation of the huge cost of lost time in following a monetary course that was actually and completely discredited and disqualified by the last cycle (if not the one before that).
How We Got Here: The Fed Warned Itself In 1979 And Then Spent The Next Four Decades Avoiding The Topic
It has long been recognized that a shift of deposits from a domestic banking system to the corresponding Euromarket (say from the United States to the Euro-dollar market) usually results in a net increase in bank liabilities worldwide...
Durable Goods Get Even Uglier, More Meaningful
Anyone looking to buck the “dollar’s” direction in September has been sorely disappointed by almost every single data point so far...
And Back To Oil Again
Oil prices fell a third straight session on Tuesday, with Brent crude touching a six-week low on the persistent global supply glut ahead of U.S. data expected to show another increase in crude inventories.
A Tale Of Two Recoveries; And The Visible End Of One
From railroads to manufacturers to energy producers, businesses say they are facing a protracted slowdown in production, sales and employment that will spill into next year. Some of them say they are already experiencing a downturn.
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