Tariff inflation continues to go down in flames, yet central bankers refuse to let it go. The US CPI report for November was released today and the details should help put all this to rest – especially alongside the payroll numbers from earlier in the week. However, over in Europe both the ECB and Bank of England claim they need to be vigilant about tariff inflation at the same time job losses and unemployment pile up even higher.

Eurodollar University's Money & Macro Analysis

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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
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EDU's Webinar Series REPLAY

There is a ton of smoke coming out from the credit markets right now. But is there fire? For the next hour and a half, join us in examining the issue from all the relevant angles and perspectives. Just how big is the "garbage pool"? What is the driving force behind the credit cycle? How can we tell if it is turning, or maybe has turned?

The most important funding system in the world is flashing warning signals, and almost no one is paying attention. Replay the full webinar at the link below:

https://event.webinarjam.com/m9wym/go/replay/1ym21cpxh8zfw3f4
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https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

The BLS confirmed the US labor market has indeed entered flat Beveridge territory with profound implications. What are they? What does this mean moving forward? Join me at 1:30pm ET to find out.

Also, join me later tonight for a very special webinar where we are going to be doing a COMPREHENSIVE review of on set of consequences from flat Beveridge: cockroaches and the credit market cycle. We'll go over all the smoke rising from the space and assess whether or not there's fire behind it - and take a few reasonable stabs at estimating how much.

EDU's Webinar Series
Thursday December 17, 6pm ET

A Trillion-Dollar Eurodollar Bomb is going Off on Wall Street

The most important funding system in the world is flashing warning signals, and almost no one is paying attention.
https://event.webinarjam.com/channel/risks

Chinese investment crashed yet again in November, the second straight month of bigtime declines. Only this time FAI was joined by consumer spending. Retail sales over in China also crashed last month, dropping by almost half a percent in November alone. That’s enormous. It follows terrible data on household lending and bank credit. All of it points to an increasingly familiar topic and condition: China big economic slide is sliding right onto flat Beveridge.

Eurodollar University's Money & Macro Analysis

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EDU's Webinar Series
Thursday December 17, 6pm ET

A Trillion-Dollar Eurodollar Bomb is going Off on Wall Street

The most important funding system in the world is flashing warning signals, and almost no one is paying attention.
https://event.webinarjam.com/channel/risks
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If you’re a serious investor and want to capitalize on what the monetary system is signaling right now, join me at Eurodollar University's very first Live Event, President's Day Weekend February 2026. To get your spot, just go here:

https://eurodollar-university.com/event-home-page
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Bloomberg China’s Labor Market Distress Spreads at Worst Time for Deflation Fight
https://www.bloomberg.com/news/articles/2025-09-22/china-s-labor-distress-spreads-at-worst-time-for-deflation-fight

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