CPI rose 8.6% in May. Economists, financial media and central banks implicitly conflate this price expansion with money expansion (inflation) and economic expansion (booming) - that's a mistake.

8.6% CPI is Neither Inflation, Nor the US Economy [Eurodollar University, Ep. 246]

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.

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Oil prices aren't inflationary, they're disinflationary. We are getting more proof right now as incoming data shows demand being destroyed. This is creating difficulties for the US economy on top of severe strain around the rest of the world. Several key markets are picking up the distress, too.  Eurodollar University's Money & Macro Analysis S&P; Global Flash US Composite PMI https://www.pmi.spglobal.com/Public/Home/PressRelease/2a6d069e95b3402f85a5e44e3ff49917 Federal Reserve Financial Stability Report April 2024
https://www.federalreserve.gov/publications/files/financial-stability-report-20240419.pdf Bloomberg China Is Front and Center of Gold’s Record-Breaking Rally
https://www.bloomberg.com/news/articles/2024-04-21/china-is-front-and-center-of-gold-s-record-breaking-rally https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Oil Prices Are CRUSHING The Economy (What You Need To Know)

The Fed's latest semi-annual report on financial risks contains a couple of important updates. First, we get a sense of where the systemic attempt to deal with the downside to the commercial real estate bubble stands. That also feeds into the most recent updates on US banks and the deteriorating credit environment. Plus, we also take a look at why the Fed's report singled-out the stock market and what that means.  Eurodollar University's Money & Macro Analysis Federal Reserve Financial Stability Report April 2024
https://www.federalreserve.gov/publications/files/financial-stability-report-20240419.pdf https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

BREAKING: Fed’s Financial Stability Report Just Dropped (What You Need To Know)

There is a tendency to conflate the behavior of consumer prices with the condition of the economy. With the current mania over recent CPIs in full bloom, fears extend into the real economy. Is it really "too hot?" Recent data from the Federal Reserve itself actually helps separate the facts from the misperceptions.  Eurodollar University's conversations w/Steve Van Metre Beige Book April 2024
https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20240417.pdf https://www.eurodollar.university

They Can't Hide It Anymore

The world is starting to get the idea that rate hikes are not all they're cracked up to be. Yet, we're forced to focus endlessly on the Federal Reserve's interest rate policies. Why? The answer is really simple. More importantly, what's really going on in the economy? That answer is also pretty simple, too. Eurodollar University's Money & Macro Analysis Jay Powell Jackson Hole August 2023 Inflation: Progress and the Path Ahead
https://www.federalreserve.gov/newsevents/speech/powell20230825a.htm FOMC Transcript July 2014
https://www.federalreserve.gov/monetarypolicy/files/FOMC20140730meeting.pdf Ben Bernanke Jan 2009 The Crisis and the Policy Response
https://www.federalreserve.gov/newsevents/speech/bernanke20090113a.htm https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

100% Proof Rate Hikes DON'T Work

The Fed is all over the place, flip-flopping sometimes within a matter of weeks. They're confident about inflation then they're not. What's the real reason for so much back and forth, the obvious insecurity? It's the story no one really knows and what actually ties the current day with the past Great Inflation.  Eurodollar University's Money & Macro Analysis CSPAN William Proxmire
https://www.c-span.org/video/?322377-1/political-career-senator-william-proxmire https://www.c-span.org/video/?39834-1/government-waste https://www.c-span.org/video/?c4704392/sen-william-proxmire Hutchinson v Proxmire
https://www.oyez.org/cases/1978/78-680 Federal Reserve Memo Nov 6, 1973 & letter from Arthur Burns to Senator Proxmire
https://fraser.stlouisfed.org/files/docs/historical/burns/Burns_19731106.pdf NYT Dec 2, 1975 Proxmire Would Curtail Banks
https://www.nytimes.com/1975/12/02/archives/proxmire-would-curtail-banks.html FOMC Transcript July 1981
https://www.federalreserve.gov/monetarypolicy/files/FOMC19810707meeting.pdf https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

8.6% CPI is Neither Inflation, Nor the US Economy [Eurodollar University, Ep. 246]

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