Fed's Stealth Liquidity Is Fueling A Stock Market Rally | Michael Howell

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On today’s episode, Michael Howell CEO of CrossBorder Capital joins the show to share his outlook for the global liquidity cycle and what it means for markets throughout 2023 & into 2024.

We deep dive into the mechanics of inflation, the impact of rising interest rate's on global refinancing, the reduced impact of QE from the Fed's shadow QE & the role of crypto & Gold in portfolios. To hear all this & more, you'll have to tune in!


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Referenced In The Show:

Stanley Druckenmiller & Paul Tudor Jones: https://www.youtube.com/watch?v=QWccFlgaBxA


(00:00) Introduction

(01:53) Liquidity Is Rising

(05:01) The Path Ahead For Inflation In 2024

(09:34) DAS London Plug

(10:52) The Liquidity Spiral

(14:48) The Impact Of Rising Interest Rate's

(17:44) The Liquidity Cycle

(21:38) The Fed's Shadow QE

(25:13) The QRA Fueled A Huge Stock Market Rally

(30:40) Blockworks Research Ad

(31:28) The U.S Fiscal Outlook Will Cause The Fed's Balance Sheet To Rise

(40:29) Gold & Crypto

(42:40) Who Is The New Marginal Buyer Of U.S Debt?

(48:49) Crypto As An Inflation Hedge


Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

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