All-Star Jeff Snider and Erik discuss:
- Review of Fed Funds rate and Interest on Excess Reserves (IOER) – what do they mean and why are they important
- The theorydescribing how the Fed believed that IOER would effectively cap the Fed Funds rate within their target range
- Hard data shows the theory doesn’t match actual reality
- Jeff’s explanation of what’s really going on, and why a shortage of USD liquidity in the global offshore Eurodollar market is what’s really driving the observed behavior of Fed Funds and IOER
All-Stars Jeff Snider Chartbook July 15 2019
| For other embed code options click here. | Download the
Click to Play Now!
Mr. Snider is Chief Investment Strategist and Head of Global Research at Alhambra Investment Partners. Through detailed and comprehensive investigation of the global monetary and banking system, he was one of the few analysts to sound the alarm during the run-up to the panic of 2008 and then to predict the rebound in 2009. His current commentary focuses on the global implications of the ongoing monetary deconstruction including the failure of Federal Reserve and central bank policy. Mr. Snider is published nationally at RealClearMarkets, NewsMax, David Stockman's Contra Corner, and other places.