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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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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Referenced In The Show:
Stanley Druckenmiller & Paul Tudor Jones: https://www.youtube.com/watch?v=QWccFlgaBxA
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(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
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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.