Tuesday , January 26 2021
Home / Alhambra Investment Partners / Eurodollar University’s Making Sense; Episode 36; Part 3: China & Japan, Yen & Yuan, TIC dollars In Between

Eurodollar University’s Making Sense; Episode 36; Part 3: China & Japan, Yen & Yuan, TIC dollars In Between

Summary:
———WHERE——— AlhambraTube: https://bit.ly/2Xp3royApple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Breaker: https://bit.ly/2CpHAFO Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB Overcast: https://bit.ly/2YyDsLa PlayerFM: https://bit.ly/3piLtjV PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr ———WHO———

Topics:
Jeffrey P. Snider considers the following as important: , , , , , , , ,

This could be interesting, too:

Jeffrey P. Snider writes Xi To Davos: If You’re Waiting For Us, We’re Waiting For You

Jeffrey P. Snider writes Eurodollar University’s Making Sense; Episode 43; Part 1: Inflation Per the Suasion

Jeffrey P. Snider writes No Talk In The Dollar Shadows

Jeffrey P. Snider writes Eurodollar University’s Making Sense; Episode 42; Part 2: The Other Side of TIPS

———WHERE———

AlhambraTube: https://bit.ly/2Xp3roy

Apple: https://apple.co/3czMcWN

Deezer: https://bit.ly/3ndoVPE

iHeart: https://ihr.fm/31jq7cI

TuneIn: http://tun.in/pjT2Z

Castro: https://bit.ly/30DMYza

Google: https://bit.ly/3e2Z48M

Spotify: https://spoti.fi/3arP8mY

Pandora: https://pdora.co/2GQL3Qg

Breaker: https://bit.ly/2CpHAFO

Castbox: https://bit.ly/3fJR5xQ

Podbean: https://bit.ly/2QpaDgh

Stitcher: https://bit.ly/2C1M1GB

Overcast: https://bit.ly/2YyDsLa

PlayerFM: https://bit.ly/3piLtjV

PocketCast: https://pca.st/encarkdt

SoundCloud: https://bit.ly/3l0yFfK

ListenNotes: https://bit.ly/38xY7pb

AmazonMusic: https://amzn.to/2UpEk2P

PodcastAddict: https://bit.ly/2V39Xjr

———WHO———

Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Art: https://davidparkins.com/

Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, bond villain moonlighter. Artwork by David Parkins.

———WHY———

36.3 Are Japanese Banks Propping up the Chinese Yuan?
Japanese banks are borrowing from US banks at healthy rates (reflation!). The Chinese currency is appreciating at a healthy pace (reflation!). But there are few quirks, odds, ends, bits and bobs that remain in the shadows of the eurodollar.

———WHEN———

00:05 Treasury International Capital Report September update.
02:20 Foreign official institutions are buy US Treasury securities recently – good!
04:27 Private (non-government) hands are selling US corporate bonds at historic rates – bad!
06:00 Eurodollar creation, distribution: US bank liabilities to the rest of the world
09:37 Eurodollar creation, distribution: Europe, the Caribbean, and Asia excluding Japan
14:38 Eurodollar creation, distribution: Europe, the Caribbean, and Asia including Japan
17:21 Conundrum: a Chinese currency is rising yet Chinese holdings of Treasuries are not; odd
21:19 Do listeners and readers have any idea what is happening

———WHAT———

Redistributing A Shrinking Pie Is Nothing Like A Flood; Because There Was No Flood: https://bit.ly/338Bwfg
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

 


Jeffrey P. Snider
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. His company is a global investment adviser, hence potential Swiss clients should not hesitate to contact AIP

Leave a Reply

Your email address will not be published. Required fields are marked *