Jeffrey Snider: All Signs Point to Global Systemic Reset

Erik Townsend and Aaron Chan welcome Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss: Rich equity valuations despite an on-going earnings recession

Off-track corporate cash flows and profits as evidence of a weakening economic environment

The mainstream misconception and myth that the Fed provides liquidity thereby levitating equity valuations

The chronic and acute dollar shortage as evidenced by the decaying post-2007 global eurodollar system

Global central banks resorting to sellng Treasuries as a means to filling dollar funding gaps

Milton Friedman's Interest Rate Fallacy and how long-run low interest rates demonstrate tightness of money supply

How the tight-dollar environment manifests itself in the increasingly disorderly global repo market

The complete disconnect between inferred interest rate bearishness in eurodollar futures and QE as liquidity

TED-spread volatility and other wholesale financial measures suggesting central banks might be losing control

The Fed's inadequate response to the structural contraction in the global eurodollar system

Wholesale eurodollar system not tracking with prior exponential growth and demonstrating permanent monetary disruption

How the preponderance of evidence necessitates a systemic reset

Why central bankers lack the answers by being married to an incongruent monetary framework

The potentially galvanizing catalyst between nations in lieu of a serious crisis Get embed code for this episode. | For other embed code options click here. | audio Download the MP3 File ( 35.49 MB ) . Click to Play Now!



Mr. Snider is Chief Investment Strategist and Head of Global Research at Alhambra Investment Partners. Through detailed and comprehensive investigation of the global monetary and banking system, he was one of the few analysts to sound the alarm during the run-up to the panic of 2008 and then to predict the rebound in 2009. His current commentary focuses on the global implications of the ongoing monetary deconstruction including the failure of Federal Reserve and central bank policy. Mr. Snider is published nationally at RealClearMarkets, NewsMax, David Stockman's Contra Corner, and other places.