Arts and Culture
More from Google
Get the Android app
Get the iOS app
Jeff Snider, Emil Kalinowski
Discussing the function and malfunction of the global monetary order and its consequences on finance, economics, politics and society.
1 day ago
Communism - Don't Call it a Comeback
Is the post-2008 economic 'boom' proving Marxism? Would communism's big three look at 2020 approvingly? Is communist utopia counter to human nature? Also, yield curve control and more.
Jul 4, 2020
What is... Eurodollar Mailbag?
Jeff Snider answers your questions about central banks, inflation, measuring money, private banks... and potpourri? A Jeopardy!-style mailbag show with the 'Cliff Clavin of the Eurodollar'.
Jun 27, 2020
Hey Kid, Want Some Communism?
The Communist Manifesto was in response to the 1820-30s. Marxism's worldwide appeal in the 1930s was a consequence of the 1920s. And now, in response to the 2010s, it's ascendant again.
Jun 20, 2020
Reading Tea Leaves
Econometrics? Sure. But are you familiar with the study of tasseomancy? Never given it any serious thought? Then how can you possibly understand the Chinese economy?
Jun 12, 2020
The Great Portnoy
American books and films published in 1925 will be entering the public domain next year. Included among them will be The Great Gatsby by F. Scott Fitzgerald.
Jun 5, 2020
Millennials may not know this, but many centuries ago mail came by bag not by vibration nor beep.
May 29, 2020
The Worst V Since "V"
The 2020 economic recovery is shaping up to be the worse V since "V", the 1980s American mini-series.
May 22, 2020
Then: a man or a woman who is a medium or a wizard was ascribed powers of enchantment and the supernatural. Now: a monetary technocrat is imbued with necromancy, conjuring money out of thin air and levitating stock markets.
May 15, 2020
Dr. Milton Friedman, in a December 1997 article, correctly diagnosed what was wrong with the Japanese economy: not enough money. His prescription? Quantitative easing. It was, unfortunately, malpractice. In late April 2020, the Bank of Japan announced its 24th iteration of it. Maaaaaaaaaaaaaaaaaaaaaaaalpractice.
May 12, 2020
On September 21, 1897 the The Sun, a newspaper out of New York, printed an editorial in response to a letter from eight-year old Virginia O'Hanlon. "Yes, Virginia, there is a Santa Claus," came the reply. In that tradition, Making Sense presents episode eight, in which we answer your questions.
May 8, 2020
No Modern Weimar Republic Here
The monetary system is missing of money. Expectation of its return is no longer enough; actual recreation of modern money is needed. That job belongs to the private sector, the banks. It was true of the 1930s, and true of present day.
May 1, 2020
Fragile, Complex Systems
Hubris. It will get us to the stars but seduce us into believing we belong there. Today, monetary authorities suffer it, believing they can manage the nonlinearity, emergence, spontaneous order, adaptation, and feedback loops of the unravelling.
Apr 24, 2020
Ancient myths, like Crete's Minotaur or the Monkey King, are not taken seriously. But what of modern ones like the Greenspan Put, stock buying Bank of Japan or Treasury selling bond kings? They are, with a Pavlovian-like response by the financial press, celebrated.
Apr 17, 2020
Oil Bears, Equity Bulls
The World Trade Organization's projections, America's labor force participation and the oil futures market are each suggesting that long-term economic damage has already been absorbed. A sharp, smart global recovery looks improbable.
Apr 3, 2020
Confronting the Dollar Bull
Jeff Snider (@JeffSnider_AIP), Chief Investment Officer at Alhambra Investments and Prince of Shadows (banking), as well as Emil Kalinowski (@EmilKalinowski) discuss the Federal Reserve latest emergency liquidity programs as well as the International Monetary Fund's 'conservative' estimate of needing $2.5 trillion to cover the 80 requests it has received for emergency funding.
Mar 27, 2020
Greatest Liquidity Event Since Noah?
Jeff Snider (@JeffSnider_AIP) and Emil Kalinowski (@EmilKalinowski) review three topics: repurchase agreement stresses, low interest rates signalling disorder and why LIBOR doesn't think the Fed's new program is the greatest liquidity event since Noah.
Mar 23, 2020
QE-Infinity is a Laundromat Token
Jeff Snider, CIO of Alhambra Investments and world-renowned (monetary) plumber (@JeffSnider_AIP) and Emil Kalinowski, a fan of the cult New Zealand folk band Flight of the Chonchords, (@EmilKalinowski) discuss the Federal Reserve's announcement of QE Infinity and its relationship to laundromat tokens.