What's New for Eurodollar University Members - Eurodollar University

What's New for Eurodollar University Members - Eurodollar Universityhttps://www.eurodollar.university/whats-new/Thu, 16 Apr 2026 05:12:29 +0000en-USSite-Server v@build.version@ (http://www.squarespace.com)Q&A #199Jeff SniderThu, 16 Apr 2026 05:12:29 +0000https://www.eurodollar.university/whats-new/dgptbdcypxzdnas-gar9h-9fcra62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69e06f5d385f68112b9fe167@Albertletoride-hz7oj (YouTube): Hi Jeff. I reckon bonds are you favorite financial assets to study and deal with. How would you see treasuries, gilts and EM sovereings (lets say Brazilians!) behaving in the oil shock we are facing ? @gratefuldad327 (YouTube): Please confirm that Iran insisting on oil and toll payment in Yuan is just noise? Could this kind of tactic ever displace dollar as GRC? @ianrayner7522 (YouTube): Jeff do you have any view on BitCoin vs Ethereum vs Solana? Do they have significantly different characteristics and what are the implicaations? @andrewsisson476 (YouTube): When do I buy TLT? @edwardsodke5860 (YouTube): Would you invest in gold or forign equities for insurance? @georgeolson6588 (YouTube): I have heard that spot Brent crude is trading at a significant premium to futures prices. Is this an example of extreme backwardation? What does this mean? @dubiousdandy904 (YouTube): How important - if at all - is the implied political violence of taxes and currency tender laws for debt settlement requirements when it comes to providing "value" to a currency? (e.g., Chartalism) @Albertletoride-hz7oj (YouTube): what about Brazilian bonds ? @yobsme (YouTube): what are puts and how does shorting work? @andrewc3881 (YouTube): What are you measuring when you talk about the unwind of the basis trade? How can we watch that?

]]>Q&A #199Phantom Menace: Why We're LosingJeff SniderMon, 13 Apr 2026 03:54:17 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl6-tlwsc-wpmn4-j3kfz-byyz8-kn47s-ls4hz62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69dc6877b435b2346b2a9ef4Generations - plural - of Western youth have fallen under the spell of socialism. This isn’t about expanding the safety net (as some like to claim, even at our conference), nor are we talking about policy differences or arguing over specific details of the world as it is. To understand what’s already taken root, and then to effectively counter it, first you have to know what socialism truly is. Once you do, you’ll quickly see why it is winning over younger folks. The eurodollar is both the cause and provides the answer that otherwise eludes the utterly ineffective mainstream response.

]]>Phantom Menace: Why We're LosingQ&A #198Jeff SniderFri, 10 Apr 2026 04:39:28 +0000https://www.eurodollar.university/whats-new/dgptbdcypxzdnas-gar9h62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69d87ebb5d0a921f0f4703aeEDU Conundrum Melody/Joe Mortgage trouble @jumptube (YouTube): You think the FED will follow their MBS purchase with Private Credit purchases? Would those be called PCBSs? @SebastianPereira (YouTube): as oil climbs, developing nations cut use of it? will the cumulative effect e enough to worsen the global economy? can they restart their economies fast after the oil shock? @DanO-d2w (YouTube): it was a very effective all out offensive by Volker to raise rates so high @pnice494 (YouTube): Glad u did a pod with Melody, shes good peeps @dubiousdandy904 (YouTube): What role do ratings agencies have in the eurodollar system? Dimon and Gundlach pointing out cockroaches and garbage didn't wait on Moody's recent CYA. But for corroboration, ratings aren't nothing. @bestfriendhank1424 (YouTube): Jack Farley had a guest on the other day that more or less said there’s nothing wrong in PC @DanO-d2w (YouTube): we r long overdue for and in great need of a big long period of Deflation

]]>Q&A #198Weekly Recap #152Jeff SniderThu, 09 Apr 2026 04:00:01 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl6-tlwsc-wpmn4-j3kfz-7lh3c62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69d7240fe505b6206499f851Iran Ceasefire. Oil twists prior. Energy fallout. Blue Owl howls. Buffett. Dimon. Payrolls, but unemployment. Forward jobs indications. China’s bull steepens. More coming.

]]>Weekly Recap #152Melody & Joe: What Do You Mean We Have to Worry About Mortgages Again?Jeff SniderWed, 08 Apr 2026 13:26:54 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl6-tlwsc-wpmn4-j3kfz-byyz8-kn47s62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69d65745e44b155814e93af3And here you probably thought mortgage credit problems were aa 2000s problem and couldn’t possibly pop up again in the 2020s. After all, everyone said they cleaned up their act promising never to do it again. But there is one thing we’ve seen out of private credit recently, for the past few years it was a free-for-all. How far does that extend back into mortgages? Let Joe and Melody (and Jeff) hit you with some details.

]]>Melody & Joe: What Do You Mean We Have to Worry About Mortgages Again?Conundrum #1: Rate HIKE BubblesJeff SniderMon, 06 Apr 2026 20:45:13 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl6-tlwsc-wpmn4-j3kfz-byyz862b9e19d9649156910ed385a:632369d56a7b741339a328f2:69d41b0fc23e3f11138e9296They say rate cuts stimulate, but then nothing gets stimulating. Then they tell us rate hikes restrain the economy and credit. However, you might have noticed some of the worst bubble behaviors witnessed at least in the 21s century have coincided with higher ST policy rates. Is there a connection? Does hiking make bubbles worse? If it does, that would have profound implications for a lot more than just subprime mortgages and private credit.

]]>Conundrum #1: Rate HIKE BubblesWeekly Recap #151Jeff SniderThu, 02 Apr 2026 03:46:06 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl6-tlwsc-wpmn4-j3kfz62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69cde63eb562973b9708f0a3Massive oil spreads. Shock buying panic. CBs rate hike panic. Bond mkt drops hikes. NO INFLATION. Widespread US$ tightening. Ugly JOLTS hiring. CPIs start w/oil.

]]>Weekly Recap #151Q&A #197Jeff SniderWed, 01 Apr 2026 04:07:01 +0000https://www.eurodollar.university/whats-new/dgptbdcypxzdnas62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69cc998963a37d20f8046c8a@marks6038 (YouTube): Are there any real-time signs of monetary deflation? @gratefuldad327 (YouTube): Seriously, why do “experts” think that the crushing effects of higher oil prices are inflationary? They’re just so simpleminded that they say, “Prices higher, must be inflation, better raise rates?” @superf11 (YouTube): If private credit funds are in such trouble, what about venture capital and private equity funds? @cmac855 (YouTube): Controlled demolition to bring the us debt back to America via the emission of usdt backed crypto. @dagonuselton5735 (YouTube): Are REITs safe for 2026? @srgrcien (YouTube): What do you think about the bounce in the stock market today? @blakecooper8752 (YouTube): I know it’s not a major data point, but did you see the Dallas Fed Service Index print? 😑@Shawn0patrick (YouTube): Can you talk about USDJPY bounce off 160? @ChìHóngMāo (YouTube): What would be Realistic Lifespan for The Us Dollar for the mid 21st century? @dubiousdandy904 (YouTube): EDU Live vid at your house: Mike Green emphasized state power in settling debts. Would a sound rebuttal be government doesn't imply oversight (e.g., benign neglect and ignorance about the eurodollar)? @SantiagoAlessandri (YouTube): If smth blockchain based can become the next iteration of the monetary system. Don't you think the lack of privacy makes it harder for fin institutions to adopt it? They lose an advantage they use @jumptube (YouTube): You mentioned employment/payrolls suffers when oil rises and is a reason a rise in oil is not inflation. What would be a few others that suffer during a rise in oil prices?

]]>Q&A #197March 2026 Webinar Marathon: Mapping StatesJeff SniderSun, 29 Mar 2026 05:58:18 +0000https://www.eurodollar.university/whats-new/sbwy58kmezwwdf462b9e19d9649156910ed385a:632369d56a7b741339a328f2:69c8bf34a74fa5648944be1bOur deepest dive yet. Jeff does a comprehensive, detailed review of not just the current private bust, more importantly the process behind it. Learn about what to look for, how to interpret signals, and ultimately what it all means. Jeff shows you the crisis model and then applies it to the 2008 episode. He also applies it when going over one of the most important developments (JPM) in the current downturn. A true comprehensive roadmap to on the credit dynamics.

]]>March 2026 Webinar Marathon: Mapping StatesQ&A #196Jeff SniderThu, 26 Mar 2026 20:42:16 +0000https://www.eurodollar.university/whats-new/5trgs8a67wdxzps-kaxz4-578hj-js85n-b7m8p-a3rfb-htbcl-zf3hd-d5289-g9453-dxm9z-fxnry-4stjj-wwy6a-8spd6-ms9zd-335y5-zwmfc-8hm5b-lyhj7-hcb8m-2x6zk-l75ea-t8gxx-dr3mt-xdza6-hw76b-ndt24-wl4y5-nehg8-akpn262b9e19d9649156910ed385a:632369d56a7b741339a328f2:69c6eb6ca3721f5bd70eed20Clearing up the Mike Green video. Where does EDU 2.0 stand? @Albertletoride-hz7oj (YouTube): Do you think the plumbing is so much stronger than in 2008 that it could fend off any crash through balance sheet engineering and massive dealer and central bank liquidity? @SebastianPereira (YouTube): as oil climbs, developing nations cut use of it? will the cumulative effect e enough to worsen the global economy? can they restart their economies fast after the oil shock? @ggonz9017 (YouTube): peak CPI. Oil and GC being the topics then as they are now. Now adding stress on Treasury with oil higher, where do you see us in 3, 6, 9mos? (Equities, Commodities, DXY etc.) @ianrayner7522 (YouTube): Do you feel private credit is as much of a risk to the financial system as the MBS market was in 2008? I’m thinking of the differences in the types of investors and the knock on effect on consumers. @ryanm9371 (YouTube): Off topic but- If banks don’t use reserves for loans and just create money, why do we need them? Why can’t we just use our own future labor as collateral? Banks are just an unneeded middleman

]]>Q&A #196Weekly Recap #150Jeff SniderThu, 26 Mar 2026 04:41:51 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl6-tlwsc-wpmn462b9e19d9649156910ed385a:632369d56a7b741339a328f2:69c4b8ca6828d86bf230bacaBlackstone BCred loss. Apollo. Ares. Moody’s downgrade KKR. Fed & BoC reasonable. European & Japanese CBs inflation panic. Oil shock latest. QCEW. New Home sales.

]]>Weekly Recap #150Dollars and Sense: The Monetary Past meets its FutureJeff SniderMon, 23 Mar 2026 04:02:45 +0000https://www.eurodollar.university/whats-new/wk8m2jb4zkyrme562b9e19d9649156910ed385a:632369d56a7b741339a328f2:69c0bb6576313b3b2ec0cc18Not ready for Primetime? A historical wrong turn? This isn’t really about Bitcoin, it’s just that the world’s preeminent cryptocurrency has failed to become a currency. And that’s OK. Or, it would be if we didn’t have a major dollar problem on our hands. One that, as we would discuss on Monday, would be manageable if not for the nearly two-decade long hole in the global economy melting its way into societal and political breakdown.

]]>Dollars and Sense: The Monetary Past meets its FutureWeekly Recap #149Jeff SniderFri, 20 Mar 2026 04:47:37 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl6-tlwsc62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69bcd139fcd2fb5b80916298A lot more private credit. JPM marks collateral. Oil still shocking. Bonds reprice CB bias. US GDP. Incomes. Spending softens. Canada jobs gone. China Big 3. Record drop HH loans.

]]>Weekly Recap #149Q&A #195Jeff SniderThu, 19 Mar 2026 04:04:03 +0000https://www.eurodollar.university/whats-new/5trgs8a67wdxzps-kaxz4-578hj-js85n-b7m8p-a3rfb-htbcl-zf3hd-d5289-g9453-dxm9z-fxnry-4stjj-wwy6a-8spd6-ms9zd-335y5-zwmfc-8hm5b-lyhj7-hcb8m-2x6zk-l75ea-t8gxx-dr3mt-xdza6-hw76b-ndt24-wl4y5-nehg862b9e19d9649156910ed385a:632369d56a7b741339a328f2:69bb7557dbbd3331f15e641e@Albertletoride-hz7oj (YouTube): Do you think the plumbing is so much stronger than in 2008 that it could fend off any crash through balance sheet engineering and massive dealer and central bank liquidity? @dubiousdandy904 (YouTube): The closing of the Straight of Hormuz has cutoff access to significant fertilizer resources. Do you expect to see eventual distortions in non-discretionary spending in our flat Beveridge world? @dubiousdandy904 (YouTube): Jeff, I see a presentation by Mike on the EDU website for that EDU live, but the video presentation description describes your presentation on Socialism. @gratefuldad327 (YouTube): Is there a worst case scenario with this Iran war that could destabilize US Treasuries? Like USA taking a big fall geopolitically? @sunshineretired2582 (YouTube): that sounds like goodnews nothing to worry about, nothing to see here, just keep investing. @SebastianPereira (YouTube): as oil climbs, developing nations cut use of it? will the cumulative effect e enough to worsen the global economy? can they restart their economies fast after the oil shock? @dubiousdandy904 (YouTube): For the latest Chinese GAC import/export data, did you identify meaningful corroboration to those outliers in the Chinese Ministry of Commerce balance of payments and Foreign Direct Investment data? @SantiagoAlessandri (YouTube): If the deterioration in private credit continues. Opportunistic credit funds can be profitable. What it is not clear to me is whether it's better to get in those before or after major cracks happen? @ggonz9017 (YouTube): Charting the CPI during 1970's, %chg on yr earlier & 2020, this seems to mirror quite remarkably: x= months out with 0 being i believe 1970 peak; at present this looks like we could be 48mos out from @C.P101 (YouTube): Jeff do you find downside risk across U.S. markets priced in at this point or might it be sensible for traders to be short June 2026 contracts

]]>Q&A #195No Time To Be Passive: Mike GreenJeff SniderWed, 18 Mar 2026 05:02:25 +0000https://www.eurodollar.university/whats-new/5trgs8a67wdxzps-kaxz4-578hj-js85n-b7m8p-a3rfb-htbcl-zf3hd-d5289-g9453-dxm9z-fxnry-4stjj-wwy6a-8spd6-ms9zd-335y5-zwmfc-8hm5b-lyhj7-hcb8m-2x6zk-l75ea-t8gxx-dr3mt-xdza6-hw76b-4xswe-93pab-njkdk-mjzhb62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69ba31b6527d2c0559caf4c3The stock market has a passive problem, one that is becoming as much a bond market problem, too. Mr. Mike Green goes in depth into the phenomenon and the numbers. What he comes up with is market structures that have changed far more rapidly than previously thought and to a far greater degree than anyone could have imagined.

]]>No Time To Be Passive: Mike GreenQ&A #194Jeff SniderFri, 13 Mar 2026 03:39:30 +0000https://www.eurodollar.university/whats-new/5trgs8a67wdxzps-kaxz4-578hj-js85n-b7m8p-a3rfb-htbcl-zf3hd-d5289-g9453-dxm9z-fxnry-4stjj-wwy6a-8spd6-ms9zd-335y5-zwmfc-8hm5b-lyhj7-hcb8m-2x6zk-l75ea-t8gxx-dr3mt-xdza6-hw76b-ndt24-wl4y562b9e19d9649156910ed385a:632369d56a7b741339a328f2:69b386b09b070522d2e8dd24@kalicambria (YouTube): On PBD I wish you would actually push back on topics like “the dollar is doomed”. So many great opportunities to engage on topics that are relevant to you but you don’t speak up. @dubiousdandy904 (YouTube): Like our Euro$ cycles with reflations, for the Great Depression could similar labels be applied? (e.g., Bank-Money #1 for the Great Collapse, and #2 for 1937). @goastemoney (YouTube): can you talk more about bitcoin? what is your thesis long term/short term @MrEd-R (YouTube): what adjustments that banks do in mid-march and mid-september cause market volatility? @Phillustrates (YouTube): Hell yeah Jeff and mark moss on pbd - pomp is a fed @Phillustrates (YouTube): How does 10 year relate to mortgage @bestfriendhank1424 (YouTube): It’s like trying to explain the ideas of Calvinism to a Catholic or Armenian.

]]>Q&A #194Castle Gathering: Mike, Hugh & BrentJeff SniderThu, 12 Mar 2026 04:02:22 +0000https://www.eurodollar.university/whats-new/5trgs8a67wdxzps-kaxz4-578hj-js85n-b7m8p-a3rfb-htbcl-zf3hd-d5289-g9453-dxm9z-fxnry-4stjj-wwy6a-8spd6-ms9zd-335y5-zwmfc-8hm5b-lyhj7-hcb8m-2x6zk-l75ea-t8gxx-dr3mt-xdza6-hw76b-4xswe-93pab62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69b23a6743911569e7c5d83bThe afternoon session at the Castle brought together most of the key speakers for Eurodollar University Live for another unscripted session of free-ranging thoughts on the key issues of the day. An interactive high-level discussion between the audience and our experts.

]]>Castle Gathering: Mike, Hugh & BrentWeekly Recap #148Jeff SniderThu, 12 Mar 2026 03:11:18 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy-a7kl662b9e19d9649156910ed385a:632369d56a7b741339a328f2:69b22e9ef6755c50a41d4620Oil goes crazy. Payrolls “unexpectedly” drop. Twice. Unemployment rise. Retails sales down. China export bomb. Import stockpiling. Germany not having it. Japan HH recession.

]]>Weekly Recap #148Weekly Recap #147Jeff SniderFri, 06 Mar 2026 05:06:26 +0000https://www.eurodollar.university/whats-new/fzb6lta9b3dyn6b-8cy85-5fr6z-dhbat-rsg9x-lt46c-em3xa-n6cwz-rbmxk-3k49c-pw6wm-l95za-3tj39-ybdxt-bkbfb-w8y6m-5rcm4-2d6er-sshk4-bd8wy62b9e19d9649156910ed385a:632369d56a7b741339a328f2:69aa609f526de9194326a0f8Events everywhere. Iran conflict. Oil spike. Liquidations. Gas surge. Dollar jumps. Private credit cracking. More Stage 2. Another cockroach (in the UK). Volatility and illiquidity.

]]>Weekly Recap #147Q&A #193Jeff SniderWed, 04 Mar 2026 04:23:43 +0000https://www.eurodollar.university/whats-new/5trgs8a67wdxzps-kaxz4-578hj-js85n-b7m8p-a3rfb-htbcl-zf3hd-d5289-g9453-dxm9z-fxnry-4stjj-wwy6a-8spd6-ms9zd-335y5-zwmfc-8hm5b-lyhj7-hcb8m-2x6zk-l75ea-t8gxx-dr3mt-xdza6-hw76b-ndt2462b9e19d9649156910ed385a:632369d56a7b741339a328f2:69a7b3612cf38641678ec63cCan retail investors get exposure to distressed debt? Where is there information about fitted forward Treasury rates? Will we see more interest rate cuts this year? Is Blackstone looking for more “retail suckers” with its latest tender offer amidst massive redemptions? What’s the timeline for more EDU Live vids? What is Jeff’s take on bond movements the past few days? Is there something significant there? Will Jeff be on PBD again in the future? Will we know this scare is over when Jack Farley stops having more Private Equity guests? Is a unit root possible for shadow lending if the current cycle busts to Stage 3? Is WW3 supposed to bring yields down? What are the three credit cycle (downside) stages? Would anyone still trade if the world was on fire? Are we talking literal or figurative? Is the market just a big casino? Did Jeff completely miss the reference to the very movie he himself had just referenced?

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