HeyJaredEurodollar University
Weekly Macro & Money Insights Your essential guide to what really drives markets, liquidity, and the global economy. Focused analysis of the most important monetary shifts, hidden flows, and macro trends shaping the financial system.
- Indexed issues, last 90 days
- 13
- Latest publication
- Sep 26, 2026
- Audience
- Checking…
- Earliest in this view
- Jul 5, 2026
Latest issues
Borrowing from the future (opens the original)
Read excerpt
There is a particular kind of economic weakness that is difficult to recognize while it is developing because the initial shock produces the appearance of “strength”. Production rises, inventories are rebuilt, consumers accelerate purchases, businesses place orders earlier than planned, and headline activity improves. The data are real. The problem is that the activity is being borrowed from the future.That distinction matters now because the US economy appears to be moving into what can be desc
Global policy mistake (opens the original)
Read excerpt
The sharp repricing of the two-year Treasury yield over the past several weeks offers a useful demonstration of the Fed’s difficult policy dilemma. After remaining relatively stable during the initial phase of the energy shock, the two-year yield rose from approximately 4.20% following Kevin Warsh’s Jackson Hole speech to above 4.74%, an increase of 54 basis points in three weeks. The move was unusually violent, particularly given that the latest inflation data did not establish a broad-based ac
Consumers Have Already Declared Recession (opens the original)
Read excerpt
There is an uncomfortable divergence between the way the economy looks in aggregate statistics and the way it looks from the perspective of households, businesses or financial markets. GDP remains positive, unemployment has not surged, and policymakers continue to characterize economic activity as “resilient”. Yet several indicators are moving in a direction that is difficult to reconcile with a healthy expansion. For example, core inflation is falling, energy prices are destroying demand, globa
Regime change? (opens the original)
Read excerpt
One of the more difficult tasks in the current environment is distinguishing between a (genuine) change in the macroeconomic regime and another temporary mini-cycle that merely looks like one in financial markets. The distinction matters because markets can move considerably before the economy changes direction. A Treasury yield can reach a multi-year high, copper can break out against gold, the front end can reprice sharply, or inflation can surprise to the upside without any of these developme
Still in the (euro)dollar era (opens the original)
Read excerpt
The common thread across Treasury yields, foreign Treasury holdings and the recent debate over fiscal policy is that markets are being interpreted through isolated signals rather than through the monetary system that produces them. A Treasury sale is treated as rejection of the dollar, higher long-term yields as proof of fiscal stress, and stronger retail sales as evidence of consumer “resilience”. Yet each interpretation becomes considerably less convincing once the monetary and economic contex
Publishing over time
Last 90 days. Choose a month to open its work.
Recurring subjects
Named in the text we hold. One piece can cover several.
Audience
No verified audience measurement yet.
About this data
Counts cover the work we have indexed. Tone needs enough text and a confident classification. Excerpts and episode notes are not full articles or transcripts.
Identity or attribution wrong? Suggest a correction.