Monday , April 19 2021
Home / Alhambra Investment Partners / Eurodollar University’s Making MORE Sense; Episode 50: What Did They Say?

Eurodollar University’s Making MORE Sense; Episode 50: What Did They Say?

Summary:
50.0 Why Economists Kept Getting the Policies WrongJeff Snider reacts to two recent articles: “Bond yields are not good predictors of inflation” (Peterson Institute for International Economics) and “Why economists kept getting the policies wrong” (Financial Times). ———SPONSOR——— But first, this from Eurodollar Enterprises! The motion picture event of the summer: (Con)Tango & Cash. When an international smuggling ring uses the local commodity exchange to send gold into backwardation, two macroeconomists take matters into their own hands… and onto the spot market.Starring Travis ‘the President’ Kimmel as Contango, “You can take delivery of lead — punk.”  And Steven ‘the Monarch’ Van Metre as Cash, “You know how I promised to let you close out that trade?”“Yeah man, you did Cash!  You did

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

This could be interesting, too:

Jeffrey P. Snider writes The Consensus

Jeffrey P. Snider writes Bonds v. Economists 5

Yves Smith writes How China Is Offering an Alternative to the IMF

Jeffrey P. Snider writes Eurodollar University’s Making MORE Sense; Episode 64: What Did THE ECONOMIST Say?

50.0 Why Economists Kept Getting the Policies Wrong
Jeff Snider reacts to two recent articles: “Bond yields are not good predictors of inflation” (Peterson Institute for International Economics) and “Why economists kept getting the policies wrong” (Financial Times).

———SPONSOR———

But first, this from Eurodollar Enterprises! The motion picture event of the summer: (Con)Tango & Cash. When an international smuggling ring uses the local commodity exchange to send gold into backwardation, two macroeconomists take matters into their own hands… and onto the spot market.
Starring Travis ‘the President’ Kimmel as Contango, “You can take delivery of lead — punk.”  
And Steven ‘the Monarch’ Van Metre as Cash, “You know how I promised to let you close out that trade?”
“Yeah man, you did Cash!  You did promise!”  
“I lied.”
With Grant Williams as the polite British guy, “Well chaps, you put the mockers on, didn’t you?”  
This motion picture will never be rated. Available only on-demand at Real Vision.

———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———

01:07 Two economists write that bond yields are not good predictors of inflation
03:25 Bond yields have failed to predict inflation for 70 years in the US; three other countries
05:36 Why economists kept getting the policies wrong
08:06 Was monetarism was derailed by poor philosophy? Or because measures of money failed?
11:48 Monetarism ditched, so first came currency exchange targeting then inflation targeting.
13:31 Positive Economics, econometrics promised wonderful, impossible things
16:16 Central Bankers use mathematics as a shield against criticism
18:47 We are back where we started, time to dust off Keynes General Theory.

———WHAT———

Teenagers baffled by rotary phone: https://youtu.be/oHNEzndgiFI
Bond yields are not good predictors of inflation: https://bit.ly/2Zz7dwd
Why economists kept getting the policies wrong: https://on.ft.com/2ZwAgAw
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 *

This site uses Akismet to reduce spam. Learn how your comment data is processed.