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We keep finding important inflections dating back to late July. These corroborate growing problems starting in eurodollar collateral. Interest rate swaps, Japanese bills, Italy BTPs. In terms of currencies, India's rupee is a big one as the country bleeds reserves again like last year. More than all those, however, this other one had bucked the global trend last year. Where everyone else's exchange values plummeted, it had surged. Not any more; not since late July.
Eurodollar University's Money & Macro Analysis
Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university
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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.