Eurodollar University

The question everyone should be asking themselves right now, this second, is why isn’t oil $130 per barrel? Today. Right now. When you look around the world, there are a lot of indications which strongly suggest crude is being drastically underpriced. A lot of it has to do with uncertainty, and I mean that in a very real sense – you don’t know if tomorrow the war’s over and tanker traffic spools up which means the crude price collapses. But that doesn’t fully account for the sheer scale of what’s already happened. 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----------------------------------------------------------------------------------With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust. To watch a replay of our webinar, click below. https://youtube.com/live/dkgSJvjWs5M?feature=shareTo take advantage of our limited-time Eurodollar University subscription offer to get access to all EDU materials, reports, and data, visit the link below:https://www.eurodollar.university/webinar-offer----------------------------------------------------------------------------------Hormuz Tracker: Saudi Crude Heads to Pakistan in Rare Transithttps://www.bloomberg.com/news/articles/2026-03-29/hormuz-tracker-saudi-crude-heads-to-pakistan-in-rare-transitThe Strait of Hormuz Oil Shock Is Now Heading Westhttps://www.bloomberg.com/graphics/2026-iran-war-hormuz-closure-oil-shock/Asia’s Air Travel Crisis Risks Spreading on Iran War’s Jet Fuel Squeezehttps://www.bloomberg.com/news/articles/2026-03-27/air-travel-crisis-risks-spreading-on-iran-war-s-jet-fuel-squeezePressure Mounts on Europe Diesel Supply as Tankers Turn Awayhttps://www.bloomberg.com/news/articles/2026-03-30/tankers-carrying-diesel-toward-europe-change-course-in-atlantichttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Bonds suddenly reversed course even as oil soared, sparking alarm across markets. Inflation expectations collapsed according to TIPS, not signaling sustained price pressure. Repo failures and heavy reserve use point to dollar and collateral strain. Currency moves show a sharp dollar shock and rising recession risk as central bank rate paths close.

A look at European banks quietly shifting balance sheets amid private credit jitters. Discussion of a blunt warning that geopolitical shocks masked deeper credit risks. Breakdown of massive government bond buying as a flight to safety. Exploration of ECB scrutiny and how these moves could rethink future interest-rate paths.

Steve Van Metre, market and economic commentator, offers sharp analysis on labor trends and stagflation risks. He explores how an Iran-related energy shock is rapidly reshaping sentiment and markets. Short, focused takes cover payroll declines, profit-margin pressure, and the growing chance that the economy has crossed a dangerous tipping point.

A deep dive into a global fuel shock caused by a shipping blockade at Hormuz and spreading shortages from Australia to the Philippines. Reports of jet fuel hoarding and planned rationing for airlines in parts of Asia. Warnings that Europe could face similar disruptions and the knock-on effects for currencies, credit markets and economic activity.

A Moody's downgrade of a $13B KKR co‑managed private credit fund and what that means for asset quality and funding. Widespread redemptions at Apollo and others signal a bigger withdrawal trend. Managers’ defensive messaging and comparisons to historical runs raise trust concerns. Links to broader risks across leveraged loans, CLOs, and potential spillovers to the economy.

They unpack Blackstone’s private credit fund loss and why small credit hits can trigger forced selling. The conversation focuses on how marks, widening spreads, and buyer reluctance push private markets lower. They examine reputational contagion in private credit and compare liquidity dynamics to past crises. The episode ends with a look at institutional distancing and what escalation might mean for markets.

Steve Van Metre, market commentator focused on macro risks and credit dynamics. He discusses labor and private credit pressures. They cover funding stress, dollar-driven flight to safety, and why European central bankers are panicking over oil. The conversation highlights rising gas pain, equity signals of recession risk, and the danger of a widening credit fallout.

Consecutive multi-day liquidations hit gold, silver, copper and aluminum, with unusual intraday patterns pointing to deeper forces. A sudden oil disruption is shown to spike global dollar funding needs and strain eurodollar plumbing. Discussion ties commodity sell-offs to private credit stress and to tightening in FX swap markets, suggesting a chain reaction that could amplify deflationary pressures.

New-home sales plunged 17.6% with regional collapses that weather cannot fully explain. Builders misread central bank signals and overbuilt, leaving rising inventories and price cuts. Consumer stress and weak labor markets are amplifying housing fragility. A global oil shock and divergent central-bank reactions are driving volatile yields and mortgage pressure, setting up broader dollar and economic strain.