logo
episode-header-image
Aug 2024
17m 43s

This Was the Point of NO return (CPI Bre...

Jeff Snider
About this episode

This was supposed to be all about "inflation" and instead everything is coming up jobs - including the latest CPI report. From Home Depot's most recent admission to now US refiners taking drastic steps to avoid getting caught with an energy glut (yep, that's right), the entire economy flipped from "sticky inflation" to Uh-Oh over employment. 

Eurodollar University's Money & Macro Analysis

Bloomberg It’s Inflation Week in the US. But Everyone’s Talking About Jobs
https://www.bloomberg.com/news/newsletters/2024-08-12/fed-rate-cuts-it-s-us-inflation-week-and-everyone-s-talking-jobs

Home Depot 
https://corporate.homedepot.com/news/earnings/home-depot-announces-second-quarter-2024-earnings

CNBC Home Depot expects sales to weaken as consumers grow more cautious
https://www.cnbc.com/2024/08/13/home-depot-hd-q2-2024-earnings.html

Bloomberg Oil Refiners in US Slow Down, Stoking Global Crude Glut Worries
https://www.bloomberg.com/news/articles/2024-08-11/oil-refiners-in-us-slow-down-stoking-global-crude-glut-worries

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

Up next
Today
OMG!! Did You See What Just Happened To European Banks?!
European banks just told the ECB they are tightening lending standards by the most since 2023. At the same time, the pick up in loan demand they’re seeing is due to heightened liquidity pressures as the energy shock has especially corporate borrowers in Europe on edge. This is wh ... Show More
19m 1s
Yesterday
BREAKING: UAE Just Left OPEC Here's What you Must Know
A week ago, the UAE said it was in consultation with the US government trying to arrange a dollar swap line. Since then, Treasury Secretary Bessent told Congress MANY allies were, too, and not just those in the Middle East. Just hours ago, huge news as the UAE says it’s outright ... Show More
36m 56s
Apr 28
this is how every bubble ends
Interest rates going up. Oil prices big problem. The stock market kept soaring, but even though the S&P 500 gained 20% that year more stocks in the index ended 1999 down than up. There are some similarities between now and '99 and one of those is how far companies will go to make ... Show More
19m 31s
Recommended Episodes
May 2023
Inflation and the Profit-Price Spiral
Economists say that inflation is just too much money chasing too few goods.But something else can make inflation stick around.If you think of the 1970s, the last time the U.S. had really high sustained inflation, a big concern was rising wages. Prices for goods and services were ... Show More
26m 39s
Apr 2024
What Does 3.5% Inflation Really Mean?
<p>On today’s show we are taking a look at the Macro economy. The bureau of Labor and Statistics published the latest CPI data which came in a bit hotter than expected. This is implying that the Fed will need to keep interest rates higher for longer to combat inflation. The Fed k ... Show More
6m 38s
Aug 2022
Turkish lira is a time bomb!
The Norwegian central bank raised the interest rates by 50bp yesterday and said that there will be a similar move in September, to tackle the soaring inflation in Norway. The Philippines hiked by 50bp as well, to cool inflation. The Federal Reserve (Fed) minutes released this Wed ... Show More
10m 19s
Jul 2025
Inflation expectations, wages & jobs: why they matter so much to markets
In this follow-up to our episode on inflation, we zoom in on one of the most underrated yet powerful forces shaping monetary policy and market moves: inflation expectations. What do people think prices will do in the future? Those expectations can actually fuel real inflation thr ... Show More
10m 15s
Jul 2025
UBS On-Air: Paul Donovan Daily Audio 'And so it begins? '
US June consumer price inflation is the first number that might show trade tax effects. Only half the expected trade tax rise has hit the economy so far. Inventory stockpiling means pre-tax items are still available. How readily US firms can pass on price increases matters. Post- ... Show More
3m 19s
Apr 2022
U.S. Stocks Rally on Strong Start to Earnings Season
The major U.S. equity indexes were all up more than 1% late in Monday’s regular trading session, with the tech-heavy Nasdaq Composite leading the way with a 1.85% gain. Stocks today seem to reflect a strong start to earnings reporting season. According to Bloomberg, 38 of the 48 ... Show More
39m 53s
Nov 2021
187 - The return of inflation
It’s no secret that we’ve been living in inflationary times, but inflation is always the harbinger of higher interest rates and if they were to go up, what happens? Lessons from Zillow, the problem of tomorrow's big data, yesterday's invented barter, and the amount of debt out th ... Show More
29m 47s
Listen to millions of songs and podcasts on Anghami