MacroVoices #469 Jeff Snider: The Mar-a-Lago Accord Seen Through A Eurodollar Lens

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 27 February 2025

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome, Jeff Snider. They’ll explore Jeff’s criticisms of the current effort and his perspective on how he would approach it differently if he were involved in the Mar-a-Lago discussions. https://bit.ly/4i8hfL4 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3DlZfxT ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4cMmu0d 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

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0:00.0	This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices, and other sophisticated investors.
0:18.9	Macrovoices is all about the brightest minds in the world of finance
0:22.6	and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are your
0:29.2	hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 469 was produced on February 27th, 2025. I'm Eric Townsend.
0:42.2	Eurodollar University founder Jeff Snyder returns as this week's feature interview guest.
0:46.8	Jeff thinks the Mar-a-Lago Accord represents progress in the sense that the U.S. government
0:51.3	is finally willing to explore big changes needed to fix the U.S.
0:56.0	national debt problem. But Jeff thinks that Zoltan Poser's plan, which is at the heart of the
1:01.2	current Mar-a-Lago deliberations, might be ill-conceived. We'll discuss both Jeff's criticisms of
1:07.2	the current effort, as well as how Jeff would do it differently if he were invited to
1:11.7	participate in the Mar-a-Lago discussions. Our producers are also working on getting Zoltan
1:17.0	Poser on the show to discuss his strategy, but he's a busy guy these days. We'll keep working hard
1:22.3	to make it happen. And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday, February 27, 2025.
1:31.2	The S&P 500 indexed down 306 basis points, trading at 5956.
1:37.1	Market is correcting after failing to break out to old-time new highs.
1:40.8	We'll take a closer look at that chart and the key technical levels to watch in the
1:44.8	postgame segment. U.S. dollar index down 644 basis points, trading out 10647. The April WTI
1:52.4	crude oil contract down 483 basis points to 6862. We're now training back to the lows of past year. The April Arbob gasoline down
2:03.4	560 basis points to 219. The April gold contract down 20 basis points trading into 2930. Copper
2:11.6	down 44 basis points trading to 454. Uranium down 54 basis points trading to 6495 and the u.s. 10-year
2:22.2	treasury yield down 22 basis points trading at 430. The key news to watch this Friday is the
2:29.7	core PCE price index and next week we have the ISM Manufacturing and Services PMIs, the ECB press
	...

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