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Eurodollar University’s Making Sense; Episode 60; Part 3: The Cheques Didn’t Cash At Jay’s Dunkerque

Summary:
60.3 Powell likens Fed’s COVID response to Dunkirk———Part 3 Summary———Federal Reserve Chairman Jerome Powell analogized the central bank actions in March 2020 to the heroic evacuation of soldiers from Dunkirk in WW2. A more fitting analogy is the blunderous loss at Dunkirk that necessitated the rescue at all. ———Episode 60 Intro——— Jeff Snider is in his element in Episode 60, in which he observes the 20th anniversary of quantitative easing and notes the unsettling twist in oil futures; also, he reacts to the Federal Reserve Chairman who recently likened the Fed’s actions last year, to the heroic Dunkirk evacuation.Your podcaster on the other hand comes out of the gate staggering by slandering everyone’s favorite nation: New Zealand. Operating under the false impression that The

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60.3 Powell likens Fed’s COVID response to Dunkirk

———Part 3 Summary———

Federal Reserve Chairman Jerome Powell analogized the central bank actions in March 2020 to the heroic evacuation of soldiers from Dunkirk in WW2. A more fitting analogy is the blunderous loss at Dunkirk that necessitated the rescue at all.

———Episode 60 Intro———

Jeff Snider is in his element in Episode 60, in which he observes the 20th anniversary of quantitative easing and notes the unsettling twist in oil futures; also, he reacts to the Federal Reserve Chairman who recently likened the Fed’s actions last year, to the heroic Dunkirk evacuation.

Your podcaster on the other hand comes out of the gate staggering by slandering everyone’s favorite nation: New Zealand. Operating under the false impression that The Hobbit was a documentary, this podcaster opens the show asserting New Zealand is home to all manner of fantastic creatures like the platypus, narwhal, orcs and elves. The YouTube comments were aflame with polite indignation. The narwhal belongs to the Arctic, not Antarctic. Worse yet, the platypus is endemic to the only country in the world that doesn’t care for New Zealand: Australia.

To make amends this podcaster watched BBC Planet Earth with New Zealand’s fourth most popular guitar-based digi-bongo acapella-rap-funk-comedy folk duo Bret McKenzie and Jemaine Clement. So dear audience, please squint your ears at the start of the episode. When you hear “platypus”, receive Fiordland Crested Penguin, which is twice the size of a normal-sized man.  When you hear “narwhal”, instead pick up Kakapo, a parrot that identifies as an owl. When you hear “orcs”, perceive Kiwi, like the bald eagle but flightless and with fur. And when you hear “elves”, glean Weka another flightless bird with the legs of a witch, a taste for pickled olives and a cholesterol problem.

———SEE IT———–

Twitter: https://twitter.com/izakaminska
Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/

———Hear It———

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———Ep 60.3 Topics———

00:05 Jerome Powell analogized the Fed actions in March 2020 to the WW2 Dunkirk rescue
01:27 Powell was interviewed by America’s National Public Radio
05:50 March 2020 is not over – the monetary disorder, the shortage of dollars and credit
08:42 Anomalies have been proliferating across markets, they began around the FedWire break
12:58 A list of Making Sense episodes that covered FedWire

———Ep 60.3 References———

Was Last Month’s Fedwire A Coincidence?: https://bit.ly/3dffKuu
NPR’s Full Interview With Fed Chairman Jerome Powell: https://n.pr/3crz7Sa
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

———WHO———

Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins.

 


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

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