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All-Star Jeff Snider and Erik discuss:

  • How last week’s repo rate blowout fits into the narrative Jeff has been engaging MacroVoices listeners in for weeks
  • Debunking the “It’s just transitory technical factors” explanation offered by Jay Powell
  • Primary dealers are inexplicably hoarding safe-haven assets. We need to ask why?
  • Discussion of what this might mean and what may be coming
  • The significance of underlying systemic funding pressures and what it has already meant to this point. 

Supporting Materials for Download

Funding Pressures - Something Doesn't Seem Right 

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.