The economy is doing just fine according to many statistics, but according to most people it is anything but. Those aren't just idle malcontents, either. A fundamental fact of the current state of the world is that it will have to reckon for that economic pain and substantial loss. Many now merely believe that worst is behind is, but what if it is still lying just ahead? Eurodollar University's conversations w/Steve Van Metre FRB Philadelphia Q4 2023 Insights Report
https://www.philadelphiafed.org/surveys-and-data/2023-q4-large-bank JP Morgan Chase Q1 2024 earnings
https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/1st-quarter/6678012b-9242-492b-acd0-1473eabade3c.pdf Citigroup Q1 2024 earnings
https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12024/2024prq1.pdf Wells Fargo Q1 2024 earnings
https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/first-quarter-2024-earnings.pdf https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Fed Reports "People Now Unable to Pay Off Credit Card Debt"

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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We need to confront the fact there remains a serious problem in the US with Marxism. To successfully counter the threat REQUIRES first we understand why that is and what keeps it going. It's not enough to "clap back" with platitudes correctly pointing to Communism's barbaric history. Nor is the modern world's prosperity a sufficient counterargument. The true Socialist admits that's what capitalism was supposed to have accomplished. The entire matter revolves around whether that last statement truly is in the past tense.  Eurodollar University's Money & Macro Analysis the Atlantic Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
https://www.theatlantic.com/business/archive/2017/05/late-capitalism/524943/ QUB Law Society Demystifying late stage capitalism on both a global and national level: the ball and chain of a 21st century free market economy 
https://www.theverdictonline.org/post/demystifying-late-stage-capitalism-on-both-a-global-and-national-level-the-ball-and-chain-of-a-21st AP Archive CAN973 FILE / ARCHIVE FOOTAGE OF VLADIMIR LENIN
https://www.youtube.com/watch?v=1IJbNwt9J00 RCM July 10, 2020 Socialism Would Have Been Easy to Discredit, Had There Been Growth
https://www.realclearmarkets.com/articles/2020/07/10/socialism_would_have_been_easy_to_discredit_had_there_been_growth_498699.html The Atlantic 26 Years of Growth: Shanghai Then and Now
https://www.theatlantic.com/photo/2013/08/26-years-of-growth-shanghai-then-and-now/100569/ 
NYT Nov 14, 1939
https://www.nytimes.com/1939/11/14/archives/browder-assails-pope-at-rally-here-he-tells-22000-at-the-garden.html Time Magazine May 30, 1938
https://content.time.com/time/covers/0,16641,19380530,00.html https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Communism is Infiltrating The World BECAUSE of Economics

Hiring has near completely dried up in the US labor market, contrary to all mainstream talk of a booming economy. JOLTS hires was the lowest since March and April 2020, and apart from those the worst in six and a half years. That substantial weakness was further corroborated by some of the biggest companies in the world reporting sharply lower results on increasing consumer difficulties. Yet, everyone will be focused entirely on the Fed and its absurd "inflation" fixation.  Eurodollar University's Money & Macro Analysis FOMC Chair Powell Press Conference Playback May 1, 2024
https://www.youtube.com/watch?v=o0unztmcLvA USA Today
https://www.usatoday.com/story/money/2024/03/07/job-market-cooling-despite-high-employment-numbers/72846912007/
Behind the rosy job numbers, Americans are struggling to find work Bloomberg Starbucks Posts First Sales Drop Since 2020 During Global Pullback
https://www.bloomberg.com/news/articles/2024-04-30/starbucks-sbux-sales-slump-as-customers-pull-back-across-the-world?srnd=all Bloomberg  KFC Owner’s Sales Fall for First Time Since 2020
https://www.bloomberg.com/news/articles/2024-05-01/kfc-owner-s-sales-fall-for-first-time-since-2020-as-weakness-spreads ISM Manufacturing Press Release
https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/april/ https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Jobs Are No longer Hiring

Evidence for demand destruction in the US economy is really piling up. Consumer sentiment tumbled, services businesses in parts of the country are shedding workers in a way and to a degree we only see during recession, and major Midwest manufacturing plunged. All that was just today. The common theme through each one is a change in employment conditions and not the good one.  Eurodollar University's Money & Macro Analysis the Conference Board Consumer Confidence
https://www.conference-board.org/topics/consumer-confidence Texas Service Sector Outlook Survey
https://www.dallasfed.org/research/surveys/tssos/2024/2404#tab-comments https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Consumer Confidence Is TANKING ( what this means)

The first bank failure of 2024 is a familiar tale. A relatively small institution in Philadelphia, by itself it doesn't really mean all that much. However, there are a couple of important developments to go along with the background which raise questions and a few concerns. Is this the second chapter for the bank crisis? Eurodollar University's Money & Macro Analysis FDIC Press Release
https://www.fdic.gov/news/press-releases/fulton-bank-na-lancaster-pennsylvania-assumes-substantially-all-deposits Republic First's last SEC filing
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000834285/6c29a651-35e8-48f3-8803-6b7376b1ab7f.pdf Republic First's last posted balance sheet
https://investors.myrepublicbank.com/financial-info/balance-sheet/default.aspx Bloomberg's April 2024 report on FDIC soliciting bids
FDIC Is Approaching Potential Buyers of Republic First
https://www.bloomberg.com/news/articles/2024-04-24/fdic-is-said-to-approach-potential-buyers-of-republic-first Bloomberg's October 2023 report on FDIC soliciting bids
FDIC Sought Buyers for Republic First Before Investor Deal
https://www.bloomberg.com/news/articles/2023-10-29/fdic-sought-buyers-for-republic-first-before-investor-deal https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Another Bank Just Failed, How Many More Will Come?!

This week's big miss in US GDP raises several questions about the state of the economy. It was significant enough to immediately call into doubt the soft landing. Last year's surge now appears to have been just a short run temporary jump, meaning GDP might be joining the majority of macro data indicating much sharper and more serious weakness than was though just before the data's release.  Eurodollar University's conversation w/Steve Van Metre S&P; Global April 2024 flash PMIs
https://www.pmi.spglobal.com/Public/Home/PressRelease/2a6d069e95b3402f85a5e44e3ff49917 https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Fed Reports "People Now Unable to Pay Off Credit Card Debt"

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