Pepsi is slashing prices for some of its most popular brands, some by 15%. The company said it has spent the past year listening to consumer feedback. Nah. What happened is always what happens in this economy and why there is no breakout inflation. Companies that do raise prices end up sacrificing volumes because their customers can’t afford to pay more.

Eurodollar University's Money & Macro Analysis

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PepsiCo to cut prices of Lay's, Doritos as consumers push back
https://www.reuters.com/sustainability/sustainable-finance-reporting/pepsico-tops-quarterly-revenue-estimates-resilient-demand-sodas-2026-02-03/

After Years of Increases, PepsiCo Pledges to Cut Prices on Snackshttps://www.nytimes.com/2026/02/03/business/pepsi-doritos-cheetos-prices.html

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

They thought they were reassuring debt markets over AI cash. Instead, the company kicked a hornet's nest, unleashing a MAJOR selloff that is sweeping through private credit. It isn't just the BDCs (publicly traded funds) this time, either. The asset managers themselves are now getting swept up in the money outflows.

Eurodollar University Money & Macro Analysis

The selloff in precious metals, particularly silver, has extended into today’s session. One reason why, one additional reason why, we’re seeing reports of fraud emerge in heavy buyer China, including from a guy who’s apparently called “the hat.” It’s the kind of thing that usually comes up when big bubbles go up and then pop, so another sign that’s what’s happening here in the short run. Which raises another question, how far down might silver go in the near-term?

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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China gold "protests"
https://www.youtube.com/shorts/HbICfItSfZA

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Twitter: https://twitter.com/JeffSnider_EDU

A key corner of the credit market is experiencing sustained and even accelerated selling at the end of January 2026. What we’re talking about is historically one of the most economically sensitive segments, a growing caution about the climate ahead. And it’s not the only one. From cryptocurrencies to the inability of the AI bubble to get going, the cracks continue to widen rather than fade away like everyone said they were going to.

Eurodollar University's conversation w/Steve Van Metre

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If you’re a serious investor and want to capitalize on what the monetary system is signaling right now, plus deep discussions about what truly is the greatest threat we all face, join me and Brent, plus Hugh Hendry, George Gammon, Steve Van Metre, and Mike Green at Eurodollar University's very first Live Event, President's Day Weekend, February 2026. Small groups, intimate discussions.

To reserve your spot just go here https://eurodollar-university.com/event-home-page
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https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Consumer prices are never going to go back to where they were before the pandemic. This simple reason is they can’t. You think that since they went up, they can just go right back down. That’s not unlikely, it is impossible and I’m going to show you why with a very simple example. Now the implications of this economic fact are profound. In fact, it explains everything about the economy we have right now, from the labor market and the lack of jobs to, yes, affordability.

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

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

Has the rally in silver gone so far now that the metal’s price action is actually behaving like a meme stock? Or is there something more fundamental and deeply disturbing behind what precious metals are doing? Maybe we should consider how it isn’t a loss of faith in the dollar as so many people wrongly claim which is propelling both gold and silver right now, what if it is the growing mistrust in how the entire world works and fits together. Or used to.

Eurodollar University's Money & Macro Analysis

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If you’re a serious investor and want to capitalize on what the monetary system is signaling right now, plus deep discussions about what truly is the greatest threat we all face, join me and Brent, plus Hugh Hendry, George Gammon, Steve Van Metre, and Mike Green at Eurodollar University's very first Live Event, President's Day Weekend, February 2026. Small groups, intimate discussions.

To reserve your spot just go here https://eurodollar-university.com/event-home-page

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Part 1: My Life Is a Lie
How a Broken Benchmark Quietly Broke America
https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie

Agency Costs of Overvalued Equity
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=480421

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Twitter: https://twitter.com/JeffSnider_EDU

After cutting 14,000 jobs back in October and denying there were more of them coming, Amazon confirmed yesterday there will be another 16,000 layoffs and made comments suggesting the company won’t be done even after then. These job cuts will only add to the worsening anxiety among American workers, who reminded everyone of those deep concerns in the latest plunge in consumer confidence. According to the most optimistic measure for it, from the Conference Board, confidence crashed to its lowest level in over a decade.

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

CNBC Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push
https://www.cnbc.com/2026/01/28/amazon-layoffs-anti-bureaucracy-ai.html

Internal messages reveal which teams, jobs affected in Amazon layoffs
https://www.businessinsider.com/internal-messages-teams-jobs-affected-amazon-layoffs-2026-1

CB US Consumer Confidence Fell Sharply in January
https://www.conference-board.org/topics/consumer-confidence/

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One of BlackRock’s private credit funds has just resurrected the cockroach concerns over debt woes in the space. By announcing that it will have to write down 19% of its net asset value, the fund also discloses more areas of cockroach concerns beyond those we had already become aware of. While at the same time, further reminding everyone how everything that people were worried about before they need to keep worrying about and then some.

Eurodollar University's Money & Macro Analysis

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EDU LIVE PRESIDENT'S DAY FEBRUARY 2026

If you’re a serious investor and want to capitalize on what the monetary system is signaling right now, plus deep discussions about what truly is the greatest threat we all face, join me and Brent, plus Hugh Hendry, George Gammon, Steve Van Metre, and Mike Green at Eurodollar University's very first Live Event, President's Day Weekend February 2026. Small groups, intimate discussions.

To reserve your spot just go here but you better hurry, there aren't many spots left:

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BlackRock TCP SEC Filing 8K
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001370755/000114036126002240/ef20063739_8k.htm

BlackRock Private Debt Fund Tumbles After Writing Down Loans
https://www.bloomberg.com/news/articles/2026-01-26/blackrock-private-debt-fund-tumbles-after-writing-down-loans

Flawed Valuations Threaten $1.7 Trillion Private Credit Boom
https://www.bloomberg.com/news/articles/2024-02-28/how-private-credit-market-boom-is-hiding-potential-valuation-problems

BlackRock to Auction Amazon Seller Once Valued at $1 Billion
https://pe-insights.com/blackrock-to-auction-amazon-seller-once-valued-at-1-billion/

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Twitter: https://twitter.com/JeffSnider_EDU