Jeff Snider: Markets Are Screaming Bloody Murder
The Julia La Roche Show, Released on 4/4/23
Jeff explains that since late last year, markets have been "screaming bloody murder" in a way that hasn't been since 2007. According to Jeff, markets are hedged for a 2008-style scenario.
0:00 Introduction1:53 Welcome Jeff Snider2:40 Macro picture is "all sorts of ugly"3:29 Economy in 2021 was an "artificial high"4:00 Not just about macro, also about monetary system too4:40 Still in the beginning stages5:11 The economy is looking worse in short to intermediate-term outlook6:00 Base case is mass layoffs6:33 A false sense of confidence about the unemployment rate9:48 Unemployment11:43 The market is screaming bloody murder12:48 A 2008-style scenario14:40 Something wrong in the global system17:30 How'd we get here?18:20 Misconceptions around money printing and interest rates19:45 Suffering from a lack of credit growth22:06 The Eurodollar story26:00 The Fed doesn't print money27:50 Distortions in the economy29:00 Fed is 'smoke and mirrors'33:00 What is money?34:34 Banking crisis36:23 Monetary system has become incredibly fragile37:33 Fragility of the monetary system38:07 A shortage of good quality collateral43:00 Treasury Bills46:00 De-dollarization story49:00 Shortage of dollars49:37 The Eurodollar system will be replaced at some point53:00 The shadow money system55:00 Eurodollar system is a black hole58:00 Digital currencies1:01:37 What keeps Jeff up at night?
Jeff Snider is head of global investment research for Alhambra Investment Partners, a registered investment advisory based in Palmetto Bay, Florida. 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. Jeff is published nationally at RealClearMarkets, ZeroHedge, Minyanville and Yahoo!Finance. Jeff holds a FINRA Series 65 Investment Advisor License.
Jeff Snider: Markets Are Screaming Bloody Murder added by Herman James on 04/03/2023View all posts by Herman James ?+'