MI272: The Crisis Isn’t Over: The Case for Deflation w/ Jeff Snider

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 16 May 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rebecca Hotsko interviews Jeff Snider in a discussion about the global economy and markets. They delve into topics such as the current state of the 3m10yr yield curve, which is the most inverted it has been in 40 years, and what this implies for market expectations and more! Jeff is the host of the Eurodollar University Channel and Chief Strategist at Atlas Financial. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:06 - Jeff’s current outlook for the global economy and markets. 05:44 - Why the 3m10yr yield curve is the most inverted it has been in 40 years and what this is telling us about the market's expectations going forward? 10:16 - Why all data is pointing to deflation driven more by unemployment not inflation risk going forward? 21:56 - What impact does deflation have on financial markets and asset prices? 25:03 - How the two sources of deflation transpire differently through the economy and financial markets? 39:22 - Will the US run out of money by June? 39:37 -What implications does raising the debt ceiling have in the US and global economy? 45:49 - Why Jeff believes the crisis led by the banking sector isn’t over and there is more to come. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out: Euro Dollar University. Check out Jeff’s YouTube. Related Episode: Listen to MI263: Gold Through The Ages: Understanding it's Role Under Different Monetary Regimes w/ Dana Samuelson , or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Rebecca: Twitter | Instagram Email: Rebecca@theinvestorspodcast.com Connect with Jeff: Twitter | Website Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.8	We've got massive extreme inversions at low levels of interest rates, low nominal levels of interest rates, which is the market saying that interest rates want to go back down to zero.
0:12.3	And contrary to popular perception, low interest rates are not stimulus.
0:16.8	Historically speaking, low interest rates are consistent with tight money, deflationary periods, depressions even.
0:26.2	On today's episode, I chat with Jeff Snyder, who is the host of the Eurodollar University Channel and chief strategist at Atlas Financial.
0:35.4	In this episode, Jeff and I discussed the latest developments that
0:38.7	have transpired since the banking crisis began. He talks about why he believes the crisis is far
0:44.4	from over and how all the data is pointing to a deflationary period ahead. One of these data
0:50.1	points being the near-term forward spread, which the Fed has said is the curve you should be
0:55.5	paying attention to, is now the most inverted it's been in 40 years. So Jeff goes over what this
1:02.0	is telling us about the market's expectations going forward, as well as why he believes this
1:07.3	deflation will be driven more by rising unemployment rather than falling prices
1:12.4	and the implications this has for financial markets and asset prices, as well as he discusses
1:18.0	what asset prices typically do well in a deflationary period and so much more. I'm really excited
1:25.3	to share this episode with you all today. So without further delay,
1:28.7	let's jump right into it. You're listening to Millennial Investing by the Investors Podcast Network,
1:35.2	where your hosts, Robert Leonard and Rebecca Hotsko, interview successful entrepreneurs, business
1:40.9	leaders and investors to help educate and inspire the millennial generation.
1:53.3	Welcome to the millennial investing podcast. I'm your host, Rebecca Hotsko, and on today's
1:58.6	episode I have with me, Jeff Snyder. Welcome to the show, Jeff.
2:02.6	Hi, Rebecca. Thank you so much for coming on today. So I really wanted to get you on to get your
2:08.8	outlook on what's been happening in the world lately. We have a ton to discuss today. And so I kind of
	...

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