Yesterday's US CPI reignited the fierce debate over a possibly sticky inflation future. China just ended it by reminding the world of its stubborn deflationary present with the third largest monthly CPI drop in the last twenty years. Producer prices also decline which is a solidly disinflationary signal for China and the world regardless of the latest consumer price numbers from elsewhere.  Eurodollar University's Money & Macro Analysis China's NBS Consumer prices press release
https://www.stats.gov.cn/sj/zxfb/202404/t20240411_1954446.html China's NBS Producer prices press release
https://www.stats.gov.cn/sj/zxfb/202404/t20240411_1954447.html https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

China's Crisis Is Sending A Warning To The World

Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.

Business

Investing

Careers

Management & Marketing

Business News

Shopping

News

On top of dumping Treasuries (which I covered in detail in a previous video https://youtu.be/j00_S1iug9c), China's also dumping its excess production on the rest of the world. The tactic has become so pervasive governments worldwide are responding with more than idle threats. But what are they really worried about given this means cheaper stuff and lower prices?  Eurodollar University's Money & Macro Analysis Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference Ahead of the G7 Finance Ministers and Central Bank Governors Meetings
https://home.treasury.gov/news/press-releases/jy2363 Reuters Yellen wants G7 'wall of opposition' to China's excess industrial capacity
https://www.reuters.com/markets/yellen-says-g7-discuss-responses-chinas-excess-industrial-capacity-2024-05-23/ Treasury Secretary Yellen on PBS
https://www.pbs.org/newshour/show/treasury-secretary-yellen-on-why-biden-is-targeting-chinese-manufacturing-with-new-tariffs https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

China's Latest Move Has Governments Freaking Out

The retail giant's latest earnings report confirmed...well, pretty much everything. Inflation risks, consumer capacities, the direction of interest rates and more. Target's results help setting the debate on prices while also dovetailing right in with a whole bunch of the latest figures on especially gasoline and even rents.  Eurodollar University's Money & Macro Analysis Target Corp First Quarter Earnings
https://corporate.target.com/press/release/2024/05/target-corporation-reports-first-quarter-earnings Target Corp Press Release Lowering Prices
https://corporate.target.com/press/release/2024/05/target-will-help-consumers-save-big-by-lowering-prices-on-5,000-frequently-shopped-items CNBC Target shares tumble 10% as consumers buy fewer groceries and home goods
https://www.cnbc.com/2024/05/22/target-tgt-q1-2024-earnings.html BLS New Tenant Rent Index
https://www.bls.gov/pir/new-tenant-rent.htm https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Target Just Confirmed EVERYTHING

There is a widespread feeling that something doesn't 'feel' right about the economic situation. While the official world vehemently denies it, they have every incentive not to admit the truth. There are various ways and methods to quantify living standards, especially material standards. Using officials' own methodology, we find the 'feeling' is very well grounded in material fact(s). Eurodollar University's Money & Macro Analysis Boston Fed How do We Measure Standard of Living
https://www.bostonfed.org/-/media/Documents/ledger/winter2004/livstand.pdf CDC Drug Overdose Deaths
https://www.cdc.gov/nchs/products/databriefs/db491.htm CDC Birth Stats
https://www.cdc.gov/nchs/nvss/births.htm CDC Birth Rates
https://www.cdc.gov/nchs/data/hus/2020-2021/Brth.pdf Christopher Waller Little by Little, Progress Seems to be Resuming.
https://www.federalreserve.gov/newsevents/speech/waller20240521a.htm https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

The Standard of Living Decline in America is Accelerating (here’s why)

Apple becomes just latest corporation to report results in line with recent macro statistics. That list now includes Home Depot and even today's Red Lobster bankruptcy. People are struggling and businesses are noticing and feeling the impact. But how far has it gone? Some other metrics are not encouraging.  Eurodollar University's Money & Macro Analysis Apple Second Quarter Earnings
https://www.apple.com/newsroom/2024/05/apple-reports-second-quarter-results/ CNBC Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%
https://www.cnbc.com/2024/05/02/apple-aapl-earnings-report-q2-2024.htm CNBC Red Lobster files for Chapter 11 bankruptcy protection
https://www.cnbc.com/2024/05/20/red-lobster-bankruptcy.html CNBC Home Depot misses on revenue, as high interest rates hurt sales
https://www.cnbc.com/2024/05/14/home-depot-hd-q1-2024-earnings-.html CNBC Are consumers pulling back on spending? It depends on which CEO you ask
https://www.cnbc.com/2024/05/20/consumer-pullback-ceos.html Bloomberg What Is Buy Now, Pay Later? How It Works and the Hidden Risks You Should Know
https://www.bloomberg.com/news/articles/2024-05-09/what-is-buy-now-pay-later-how-bnpl-plans-work Bloomberg Treat Buy Now, Pay Later Loans Like Real Debt
https://www.bloomberg.com/opinion/articles/2024-05-14/treat-klarna-affirm-buy-now-pay-later-loans-like-real-debt Bloomberg Americans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track
https://www.bloomberg.com/news/articles/2024-05-07/-buy-now-pay-later-has-americans-racking-up-phantom-debt Flex
https://help.getflex.com/hc/en-us/sections/360004885954-Get-Started https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Apple Issues Stark Warning to the Economy

Business at Walmart is brisk these days...and that's a big problem. The better things go for the company especially at the grocery department the worse you know it is in the economy. And the big retailer just put up robust results because it isn't just struggling Americans coming in to shop, Walmart is now getting tons of business from high-income earners, too, because now they're struggling. Not exactly the soft landing signal we'd hoped.   Eurodollar University's conversation w/Steve Van Metre NY Post Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings
https://nypost.com/2024/05/16/business/wealthier-customer-flock-to-walmart-to-boost-retailers-sales-in-strong-q1-earnings/ Bloomberg Why We Can't Shake the Vibecession, Even in the Face of Good News
https://www.bloomberg.com/news/newsletters/2024-05-16/high-prices-and-phantom-debt-why-we-can-t-shake-the-vibecession https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

China's Crisis Is Sending A Warning To The World

Download our free app to listen on your phone