#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #liquidity #oil #gasoline #europe #germany #crash
Oil market selloff is picking up taking gasoline prices along for the ride. The recession noises are getting louder and louder reminding us again there are no soft landings. It was pure coincidence, yet appropriate anyway Fed Chair Jay Powell addressed some his staff statisticians and cautioned them how often they are surprised by outcomes in the real economy. They should all consult their German counterparts given the alarming data coming out of that place and how much that helps explain oil and everything else.
Eurodollar University's Money & Macro Analysis
Chair Jerome H. Powell Remarks November 8, 2023
https://www.federalreserve.gov/newsevents/speech/powell20231108a.htm
Bloomberg: Scholz Tells Global Elite in Davos That German Economy Is Back
https://www.bloomberg.com/news/articles/2023-01-18/scholz-tells-global-elite-in-davos-that-german-economy-is-back
Bloomberg: Scholz’s Advisers Slash Forecast for German Growth Next Year
https://www.bloomberg.com/news/articles/2023-11-08/scholz-s-advisers-slash-forecast-for-german-growth-next-year
Twitter: https://twitter.com/JeffSnider_AIP
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.