We are told that Paul Volcker knowingly raised rates so as to bring about a recession and extinguish the 1970s Great Inflation. But Volcker & Co. fell ass-backwards into recession.

The Myth of Paul Volcker: Part 2 [Eurodollar University, Ep. 247]

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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Japan's government conducted three (unconfirmed) major currency interventions in less than a week. Already JPY is falling almost like they never happened. It's the dollar that's the matter because what's the matter isn't just Japan and like a lot of things energy is the key. As the Japanese understand all too well, energy means dollars.  Eurodollar University's Money & Macro Analysis Bloomberg BOJ’s Ueda Ramps Up Yen Warnings While Traders Keep Selling
https://www.bloomberg.com/news/articles/2024-05-08/boj-s-ueda-tweaks-weak-yen-remarks-in-possible-hint-of-rate-hike https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

The Japanese Yen Is Failing (what this means for the world)

FreightWaves Texas’ Arnold Transportation acquired by Canada’s Pride Group Logistics
https://www.freightwaves.com/news/texas-arnold-transportation-acquired-by-canadas-pride-group-logistics Global NewsWire Pride Group Logistics Expands U.S. Presence With the Acquisition of Arnold Transportation Services, Inc.
https://www.globenewswire.com/news-release/2022/02/01/2377007/0/en/Pride-Group-Logistics-Expands-U-S-Presence-With-the-Acquisition-of-Arnold-Transportation-Services-Inc.html FreightWaves 92-year-old Texas trucking company files for bankruptcy liquidation
https://www.freightwaves.com/news/92-year-old-texas-trucking-company-files-for-bankruptcy-liquidation Investopedia  Etsy Stock Dives as Retailer Warns of 'Challenging Environment' for Consumer Spending
https://www.investopedia.com/etsy-q1-2024-earnings-weak-consumer-spending-8642325 ISM Services April 2024
https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/services/april/ Eurodollar University's Money & Macro Analysis https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

BREAKING: 92 Year Old Trucking Company Goes Bankrupt

The first disappointment from payrolls in what seems like forever is only the start. It follows a number of increasingly ugly developments including a solid shocker from the US services sector - and its own measure of employment. In addition to reviewing the latest updates, Jeff and Steve also take apart the "dovish" QT myth that has popped up. Eurodollar University's conversation w/Steve Van Metre https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

“Desperate Struggles” in the Job Market

What would the price of oil be without Saudi Arabia's actions? What would Treasury yields be without the Fed? There is a way for us to determine what the underlying fundamental monetary and financial conditions really are which offers a rough approximation for both. Crude would be a lot less and market interest rates, let's just say there's no inflation whatsoever in these fundamentals.  Eurodollar University's Money & Macro Analysis https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Critical Data is Predicting 1-2% Interest Rates Are Coming, SOON

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

The Myth of Paul Volcker: Part 2 [Eurodollar University, Ep. 247]

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