Sunday , February 28 2021
Home / Alhambra Investment Partners / Eurodollar University’s Making Sense; Episode 47; Part 1: Touring The Technocrats

Eurodollar University’s Making Sense; Episode 47; Part 1: Touring The Technocrats

Summary:
49.1 The Eurodollar World Tour: AUS, JPN, USA & GERWhat are monetary technocrats / financiers doing to save the world economy? We review: yield curve control in Australia (and Japan!), American regulators tip-toeing away from a once-favored LIBOR alternative, and the ecstatic economic expectations of German financiers. ———WHO——— Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiArt: https://davidparkins.com/ Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by the King of the North, David Parkins. ———WHERE——— AlhambraTube: https://bit.ly/2Xp3roy

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

This could be interesting, too:

Jeffrey P. Snider writes Three Things About Today’s UST Sell-off, Beginning With Fedwire

Jeffrey P. Snider writes Eurodollar University’s Making Sense; Episode 49; Part 3: Consuming Consumer Data

Yves Smith writes Is the Post-COVID Boom Going to Bust?

Gregor Samsa writes Global Fixed-Income Market

49.1 The Eurodollar World Tour: AUS, JPN, USA & GER
What are monetary technocrats / financiers doing to save the world economy? We review: yield curve control in Australia (and Japan!), American regulators tip-toeing away from a once-favored LIBOR alternative, and the ecstatic economic expectations of German financiers.

———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. Art by the King of the North, David Parkins.

———WHERE———

AlhambraTube: https://bit.ly/2Xp3roy

Vurbl: https://bit.ly/3rq4dPn
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
PlayerFM: https://bit.ly/3piLtjV
Podchaser: https://bit.ly/3oFCrwN
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

———WHEN———

00:05 Yield curve control has been here for years and may be coming to a central bank near you!
01:02 Why did Dallas Fed President R. Fischer question why the Fed was buying US Treasuries?
03:23 How is WW2-era yield curve control different from modern yield curve control?
05:31 The Reserve Bank of Australia implemented yield curve control in 2020 to popular acclaim.
07:41 But the market, buying bonds, was performing the yield curve control for the RBA!
09:26 Some believe that by controlling the short-term rates, they control long-term as well.
10:53 The US has no YCC. Australia has YCC. Yet the yield curve is behaving the same in both!
12:52 The Bank of Japan has already tried YCC, well before Australia, to immeasurable effect.
14:07 Why is the US Treasury commenting about the secured overnight financing rate now?
18:07 US regulators are now equivocating on the importance of SOFR.
21:07 The Office of the Comptroller of the Currency is scared of market disruption by SOFR
24:38 What do the latest LIBOR rates tell us about the monetary system?
26:02 What do the latest Eurodollar futures (rates) tell us about the monetary system?
29:06 What do the IFO and GfK surveys of German business and consumers tell us?
31:22 What does the ZEW survey of German financiers tell us about economic expectations?

———WHAT———

With YCC About To Come Back Up, A Look At It Down Under: https://bit.ly/3dvApMW
Already Tried: https://bit.ly/2ZwP9CP
Insufferable SOFR, Suffering: https://bit.ly/3aAgla2
Episode 34 All About SOFR: https://youtu.be/LH1wDUG-dEI
Reflation Patients, ‘Another’ Six Months: https://bit.ly/3pByiJF
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 *