The dollar is starting to move more aggressively, driving higher and crossing key thresholds in a whole host of currency exchanges. Not only that, this current “strengthening” is highly synchronized. Both of those factors, the synchronization and breaching multiple ranges, are beginning to more strongly point to the next stage in this ongoing cycle.

Eurodollar University's Money & Macro Analysis

---------------------------------------------------------------------------------------------------------------------
What if your gold could actually pay you every month… in MORE gold?
That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.

Check it out here: https://monetary-metals.com/snider
---------------------------------------------------------------------------------------------------------------------

Sign up for our webinar on the Hidden Truth Behind Interest Rates:
https://event.webinarjam.com/register/30/vpxv1tvg
---------------------------------------------------------------------------------------------------------------------

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

There are growing concerns - and a growing pile of evidence and reports - indicating the *shadow* banking system is suppressing potential losses for no legitimate reason. Here we examine where they are coming from and what the latest data shows.

Eurodollar University's Money & Macro Analysis

----------------------------------------------------------------
Sign up for our webinar on the Hidden Truth Behind Interest Rates:
https://event.webinarjam.com/register/30/vpxv1tvg
----------------------------------------------------------------
Eurodollar University Memberships: What is a Eurodollar University membership? It’s where understanding the monetary world isn’t a mystery—it's a method.

If you’re serious about your financial education and want clarity in a world of volatility and massive uncertainty, you’re in the right place.

Mainstream education has left so many massive gaps on the most foundational concepts, making sense of everything is practically impossible otherwise.

With our memberships, we’ll fill in everything that you’ve been missing.
https://eurodollar.university/memberships
----------------------------------------------------------------

S&P Global Private Credit: The Rising ‘Defaults’
https://www.spglobal.com/market-intelligence/en/news-insights/resources/private-credit-the-rising-defaults

Lincoln International
https://www.lincolninternational.com/news/the-lincoln-private-market-index-records-another-quarter-of-growth-in-q2/

Bloomberg Default Warnings Start to Pile Up in Private Credit Market
https://www.bloomberg.com/news/articles/2025-08-21/default-warnings-start-to-pile-up-in-the-private-credit-market

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

For more information on 21shares and to sign up for their newsletter, visit https://bit.ly/3JTI4GQ

Subscribe @21Shares on YouTube: https://www.youtube.com/@21shares

Follow @21Shares on Instagram: https://www.instagram.com/21shares_/

Follow @21Shares on Linkedin: https://www.linkedin.com/company/21shares-us/

Follow @21Shares on X: https://x.com/21Shares_US

----------------------------------------------------------------
Sign up for our webinar on the Hidden Truth Behind Interest Rates:
https://event.webinarjam.com/register/30/vpxv1tvg
----------------------------------------------------------------

Now that the Federal Reserve is back to cutting rates, we can start looking ahead to how low they might go. Not only that, also how low Treasury yields and the entire curve get. While Economists wrongly rely on bad theories put into econometric models, we have a wealth of good and valid information (once again proving correct) from which we can make some reasonable judgements.

Eurodollar University's Money & Macro Analysis

Bloomberg Goldman Sachs Says US Yield-Curve Shape Looks Like Zero-Rate Era
https://www.bloomberg.com/news/articles/2025-08-06/goldman-sachs-says-us-yield-curve-shape-looks-like-zero-rate-era

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Disclaimer
This video is sponsored by 21Shares. The information provided in this video is for educational and informational purposes only and should not be considered financial or investment advice. Investing involves risk, including the possible loss of principal. Products mentioned may not be available in all jurisdictions, and their suitability will depend on your individual circumstances. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

A sad report as Argentina's badly-needed chainsaw is running into a bigger one - the eurodollar. President Milie was forced to admit the market is in panic-mode as the peso plunges in a way that's all-too-familiar for eurodollar watchers. Push comes to shove, the latter simply has the biggest chainsaw and it is using the thing that the world needs to be watching carefully.

Eurodollar University's Money & Macro Analysis

---------------------------------------------------------------------------------------------------------------------
What if your gold could actually pay you every month… in MORE gold?
That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.

Check it out here: https://monetary-metals.com/snider
---------------------------------------------------------------------------------------------------------------------

Bloomberg Argentina Assets Slide as Milei Summons Cabinet After Defeat
https://www.bloomberg.com/news/articles/2025-09-08/argentina-bonds-slump-on-milei-s-defeat-in-buenos-aires-vote

Bloomberg Milei Defies Forecasts So Far as Argentina’s Peso Strengthens
https://www.bloomberg.com/news/articles/2025-04-23/milei-defies-forecasts-so-far-as-argentina-s-peso-strengthens-usd-ars

AP Argentina President Milei suffers crushing defeat in Buenos Aires provincial election
https://apnews.com/article/argentina-election-javier-milei-cristina-fernandez-peronism-fecba6d106eb2c0f2440e9fca298e470

Cato Deregulation in Argentina: Milei Takes “Deep Chainsaw” to Bureaucracy and Red Tape
https://www.cato.org/free-society/spring-2025/deregulation-argentina-milei-takes-deep-chainsaw-bureaucracy-red-tape

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Foreigners continue their epic buying binge in USTs and US$ assets, totally defying the narrative everyone around the world is ditching America. Despite the intent of so many to make this political, there is nothing political about this, purely economics (small "e"). We keep more evidence and data showing what those really are, and foreigners know it only too well.

Eurodollar University's conversation w/Steve Van Metre

**************************************
Eurodollar University's One Big Weekly Theme
In a world where markets swing on every headline, focus matters. That’s why Eurodollar University offers One Big Weekly Theme — a disciplined, thematic analysis you can count on.
If you don’t have the time to go all the way to the depth of Eurodollar University’s comprehensive Deep Dive Analysis and want the next best thing, One Big Weekly Theme is for you.
To sample or sign up straight away, go to: eurodollaruniversity.substack.com
**************************************

Bloomberg Foreign Holdings of Treasuries Climb to Record Level
https://www.bloomberg.com/news/articles/2025-09-18/foreign-holdings-of-treasuries-reach-record-even-as-china-sells

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

For the first time ever, the Bank of Japan is selling stocks out of its vast portfolio. The announcement shocked the markets though mostly the media. Is this what it seems to be, or does the Japanese government have a trick up its sleeve? A crystal clear answer can be found among Japan's households as this is one of the best examples ever of modern "monetary" policy.

Eurodollar University's Money & Macro Analysis

---------------------------------------------------------------------------------------------------------------------
What if your gold could actually pay you every month… in MORE gold?
That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.

Check it out here: https://monetary-metals.com/snider
---------------------------------------------------------------------------------------------------------------------

BoJ Statement
https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2025/k250919a.pdf

Bloomberg BOJ Unveils ETF Sales Plan, Keeps Door Open for October Hike
https://www.bloomberg.com/news/articles/2025-09-19/boj-keeps-rates-steady-as-ishiba-s-departure-adds-to-uncertainty

Bloomberg Long Bonds Are a Buy as Contagion Fears Ease, TS Lombard Says
https://www.bloomberg.com/news/articles/2025-09-19/long-bonds-are-a-buy-as-contagion-fears-ease-ts-lombard-says

MoneyWise Rice prices have skyrocketed in Japan — and farmers warn that ‘everyone who eats’ that disaster could be near
https://finance.yahoo.com/news/rice-prices-skyrocketed-japan-farmers-172500461.html

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

For more information on 21shares and to sign up for their newsletter, visit https://bit.ly/3JTI4GQ

Subscribe @21Shares on YouTube: https://www.youtube.com/@21shares

Follow @21Shares on Instagram: https://www.instagram.com/21shares_/

Follow @21Shares on Linkedin: https://www.linkedin.com/company/21shares-us/

Follow @21Shares on X: https://x.com/21Shares_US

Another grim stat from US real estate, as plans to build houses slid to the lowest since May 2020. There are more homebuilders cutting prices than at any other time since, yes, 2020. But at the same time, mortgage rates have slid to their lowest level in a year. In other words, the housing market is giving off a definite signal, and it's the same one as mortgage rates.

Eurodollar University's Money & Macro Analysis

Ben Bernanke’s Testimony April 2008
https://www.cnbc.com/2008/04/02/text-bernankes-testimony.html

Bloomberg US Homebuilder Sentiment Stays Low Despite Mortgage-Rate Drop
https://www.bloomberg.com/news/articles/2025-09-16/us-homebuilder-sentiment-stays-low-despite-mortgage-rate-drop

Housewire Optimal Blue: Rate-and-term refis soar 70% in August
https://www.housingwire.com/articles/rate-and-term-refinance-optimal-blue-market-advantage-august-2025/

Conference Board Leading Economic Indicators
https://www.conference-board.org/topics/us-leading-indicators/

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Disclaimer
This video is sponsored by 21Shares. The information provided in this video is for educational and informational purposes only and should not be considered financial or investment advice. Investing involves risk, including the possible loss of principal. Products mentioned may not be available in all jurisdictions, and their suitability will depend on your individual circumstances. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Eurodollar University's Money & Macro Analysis

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

What a massive mess. No clear direction. Dots all over he place. And that's just the start. We've got Canada, too. Replay of FOMC decision livestream as Pringles win again.