Is the global economy poised to enter another deflationary cycle? Jeffrey Snider, head of global research and chief investment strategist at Alhambra Partners, believes that we have never enjoyed a true recovery from the global financial crisis - but instead, have merely bounced between cycles of deflation and reflation. In this piece, Snider unpacks the importance of Eurodollars as a key to understanding where the global economy is headed next. Filmed on September 11, 2018 in Tonawanda, New York.