Existing home sales utterly crashed in January. Yes, January is not a great month for real estate shopping and there was obviously less than ideal weather, however those don’t explain the 8.4% plunge in transactions. Analysts who were already factoring those other excuses only thought there would be a modest impact from them, not the biggest monthly drop in housing in four years. So much for that supposedly strong payroll report.

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

----------------------------------------------------------------------------------

NAR Existing-Home Sales Report Shows 8.4% Decrease in January
https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-8-4-decrease-in-january

Household Debt and Credit Report
https://www.newyorkfed.org/microeconomics/hhdc.html

Where Are Mortgage Delinquencies Rising the Most?
https://libertystreeteconomics.newyorkfed.org/2026/02/where-are-mortgage-delinquencies-rising-the-most/

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

We really, really messed up the jobs data the past few years, we got it almost completely wrong, but trust us, we’re good now. That’s what the BLS is saying today about its estimates for jobs and employment and right now no one is buying it. Why should they? The agency screwed up so badly it now admits there were 1.03 million fewer payrolls as of December than it previously thought. One million fewer payrolls.

Eurodollar University's Money & Macro Analysis

--------------------------------------------------------------------------
EDU's Memberships and Subscriptions.

Go from getting blindsided by the markets to reading the eurodollar signals weeks before they hit. Try it all risk-free for 14 days.

https://web.eurodollar-university.com/eurodollar-vsl-page-a

--------------------------------------------------------------------------

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

The UK’s Prime Minister is hanging on for his career after a series of missteps has his own labor party almost in revolt. The current crisis was triggered by an ill-advised appointment of an ambassador to the US who is caught up in the Jeffrey Epstein mess. But that’s not really the issue. Once again, a government that came to power not even two years ago finds voters who can’t wait to throw it out of office.

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

----------------------------------------------------------------------------------

Starmer banks on economic growth to 'rebuild Britain'
https://www.bbc.com/news/articles/clll8d2vd8yo

Why UK Prime Minister Rishi Sunak called an election he’s expected to lose
https://www.cnn.com/2024/05/24/uk/prime-minister-rishi-sunak-election-intl

UK Opinion Polls
https://www.ipsos.com/en-uk/uk-opinion-polls

New UK prime minister Rishi Sunak warns ‘difficult decisions to come’
https://www.theguardian.com/politics/2022/oct/25/rishi-sunak-warns-difficult-decisions-to-come-as-he-assumes-office

UK General election 2024 Results
https://www.bbc.com/news/election/2024/uk/results

How unpopular is Britain’s Labour government?
https://www.economist.com/interactive/2025-british-politics

Europe's leaders are deeply unpopular
https://www.axios.com/2026/02/10/europe-leadership-crisis-starmer-macron-merz

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