32 min listen
While Everyone’s Focused On CPI - The Oil Market Just Did This
While Everyone’s Focused On CPI - The Oil Market Just Did This
ratings:
Length:
19 minutes
Released:
Dec 13, 2023
Format:
Podcast episode
Description
New multi-month low in oil, multi-year low in gasoline. Big turn into more contango for WTI futures. Energy sector completely overshadows US CPI for November even as energy prices are one key reason for the heavy disinflation in it. We need only look back to last year and wonder how we got to be in the same place all over again.Eurodollar University's Money & Macro AnalysisOPEC Statement November 30, 2023https://www.opec.org/opec_web/en/press_room/7267.htmS&P Global Commodity Insightshttps://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/113023-saudi-arabia-russia-extend-oil-supply-cuts-into-q1-2024-as-other-opec-members-joinFOMC Transcript August 5, 2008https://www.federalreserve.gov/monetarypolicy/files/FOMC20080805meeting.pdfTwitter: https://twitter.com/JeffSnider_EDUhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #eurodollar #income
Released:
Dec 13, 2023
Format:
Podcast episode
Titles in the series (100)
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 Mone by Eurodollar University