Eurodollar University channel's Jeff Snider has an amazing knowledge of the eurodollar system (the real reserve currency system), and the nuances of the banking and monetary system. Jeff, and his friend and frequent guest on his podcasts, Steve Van Metre, have taught me a lot about the financial systems nuts and bolts in recent months. In this interview, Jeff makes the case for coming deflation, instead of another wave of inflation. Yes, DE-flation, as in prices actually going down for a period of time.
I feel pretty stupid listening to Jeff Snider's videos. But after 2-3 months of listening to his daily videos regularly, his insights make more and more sense. In this video he makes the case that the "inflation" we have dealt with is actually the result of a "supply shock," and that now we are into disinflation (prices not rising as fast), and may well be headed for actual "deflation," where prices actually drop overall. It won't be forever, but it looks like inflation is, and quite possibly will continue to decrease in the coming months. Just check out the video.
I'm doing a lot of my writing on Substack these days, check it out:
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