Eurodollar University is a mini-series by MacroVoices, a macroeconomics and finance podcast that is targeted at sophisticated investors. The podcast is hosted by Erik Townsend, a retired software entrepreneur, hedge fund manager and author of Beyond Blockchain: The Death of the Dollar and the Rise of Digital Currency and hedge fund manager, and Patrick Ceresna, the founder of Big Picture Trading and an options trading instructor for the TMX Montreal exchange.
The Eurodollar system is one of the most misunderstood concepts in finance. By watching this mini-series you will learn a ton, including:
- The real definition of a Eurodollar
- A complete history of the Eurodollar system
- Eurodollar as the world’s reserve currency
- Shadow banking and Eurodollar transactions
- The breakdown of the Eurodollar system in the Global Financial Crisis
- The effect of the U.S. dollar index and the supply of Eurodollars on the global financial system
If you listen to all these episodes in the mini-series you will probably understand the Eurodollar system better than at least nine out of ten people that work in professional finance. That is not an exaggeration, the Eurodollar system is an extremely niche area in finance that most professionals ignore because a) they do not believe it effects them or their job day to day and b) they do not believe they can make money from it.
Eurodollar System Overview
I have linked supplemental information provided by Macrovoices and Jeffrey Snider below. I encourage you to download the chartbook associated with this episode from MacroVoices, and read the more in-depth writing by Jeffrey Snider either after listening to the overview or after listening to all parts of the mini series.
Further details from MacroVoices:
Further details from Alhambra Investment’s Jeffery Snider:
Jeffrey Snider: Eurodollar University Part 1
For some reason this episode is not accessible on Youtube, below are two alternative listening options.
Jeffrey Snider: Eurodollar University Part 2
Jeffrey Snider: Eurodollar University Part 3
Jeffrey Snider: Eurodollar University Part 4
EuroDollar University, Season 2, Part 1
EuroDollar University, Season 2, Part 2
EuroDollar University, Season 2, Part 3
Bonus: Eurodollars and Global Deflation Risk on RealVision Finance
Jeffrey Snider’s Real Vision discussion is an in depth look at the risk of the global economy entering a deflationary cycle. He believes that we have not fully recovered from the global financial crisis and instead we have merely cycled between periods of deflation and reflation. Jeffrey explores the role of the Eurodollar system in this and what he expects for monetary policy and the global economy going forward. This video is not free, it is part of Real Vision’s paid program so if you are a not a subscriber yet I suggest you signup for the free trial.