Eurodollar University

A clear breakdown of why consumer prices that rose after the pandemic cannot legally return to prior levels. A simple firm-level example shows how cost shocks squeeze profits and purchasing power. The conversation explores consequences for hiring, wages, underemployment and why disinflation is not the same as price rollback. Historical supply-shock cases are used to frame today's economy.

Mike Green, an investment strategist focused on market structure and passive flows. He explores whether silver’s rally is meme-stock behavior, how precious metals relate to Bitcoin and China flows, the distortion passive investing causes in price signals, and the deeper social malaise from youth underemployment, lost trust, and AI-driven reallocations.

Breaking news on mass tech layoffs and what that reveals about hiring trends across the last decade. A sharp plunge in consumer confidence and the worrying signals behind it. Bond, precious metals, and yield curve moves that line up with worker anxieties. A take on how mainstream economics may be missing a different kind of contraction.

A deep dive into a major private credit write-down that rekindles wider concern about shadow banking risks. It examines concentrated losses from a few positions and flawed valuations hiding in private debt. The conversation highlights rising distress signals like PIK income and non-accruals and explains how liquidity strains, redemptions, and bank backstops could escalate the crisis.

A top-level military purge in China and what it signals for a new Cold War. How deglobalization after 2008 reshaped U.S.-China ties from cooperation to rivalry. The evolution of Xi’s purges and their security consequences. Worries about Chinese activity inside the U.S. and Western Hemisphere responses. A look at global moves that fit a Cold War 2.0 logic.

Steve Van Metre, market commentator and investor focused on monetary flows and reserve currencies, joins to unpack Ray Dalio's capital wars warning. He discusses why claims of mass Treasury dumping often fail. Short takes on how dollar flows shape exchange value. Clear points on the mechanics behind foreign Treasury holdings and why replacing the dollar looks impractical.

A massive Arctic blast and a historic natural gas price spike set the scene. Rising heating bills and depleted savings threaten household budgets. CEOs worry consumers are nearing a breaking point. Analysis highlights a two-speed economy, slipping real disposable income, and why markets may be ignoring Main Street strain.

Brent Johnson, macro investor known for dissecting monetary policy and credit cycles, breaks down Japan’s jaw-dropping government bond turmoil. He explains how tiny selling sparked huge price moves and why Japan faces brutal policy tradeoffs. They explore spillovers to China, rising gold demand, AI’s debt-fueled boom, and the geopolitical push toward deglobalization.

The recent 9.3% drop in pending home sales has experts puzzled about the housing market's direction. Falling mortgage rates aren't revitalizing demand, as job confidence and incomes are the real constraints. Trump's new executive order aims to limit institutional buying of single-family homes, reflecting political shifts. The fallout from the 2008 crisis continues to shape mortgage lending and stifle new construction. Meanwhile, institutional buyers like BlackRock are pushing home prices higher, complicating affordability.

Macy’s struggles amid a weak economy lead to store closures and thousands of job cuts. The retailer is shifting focus to wealthy customers as spending from lower- and middle-income shoppers dwindles. Delta Airlines highlights growing demand only in premium services, reflecting similar affordability issues. The podcast explores connections between flat wage growth, rising credit risks, and recent retail job losses during the festive season. It presents a concerning view of a two-speed economy shaped by inequality and inflation.