Falling Liquidity Creates Cash Shortage In Repo Markets | Michael Howell скачать в хорошем качестве

Falling Liquidity Creates Cash Shortage In Repo Markets | Michael Howell

Monetary Matters listeners can learn more about Capital Wars here (offer expired November 12th): https://capitalwars.substack.com/subs... With the Federal Reserve announcing the end of Quantitative Tightening (QT) on December 1st, Jack welcomes Michael Howell of GL Indexes and the Capital Wars Substack back to share an update on his measure of Fed liquidity and his outlook for 2026. Howell explains why Fed balance sheet expansion is inevitable. Recorded on November 6, 2025. Pieces discussed: “The Return Of ‘Not-QE, QE’ (Part 1),” October 31, 2025: https://capitalwars.substack.com/p/th... “The Return Of ‘Not-QE, QE’ (Part 2),” November 1, 2025: https://capitalwars.substack.com/p/th... “Global Liquidity Watch: Weekly Update,” November 4, 2025: https://capitalwars.substack.com/p/gl... Also: “Scrambled Eggs, The Fed’s Latest Policy Directive: ‘FSSF-Off,’” November 9, 2025: https://capitalwars.substack.com/p/sc... Follow Michael Howell on Twitter https://x.com/crossbordercap Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamp 00:00 Intro 00:35 Background 01:42 Fed's Plan To Stop QT (Quantitative Tightening) 17:00 Outlook on Markets 25:56 Repo Funding Squeeze, In Depth 48:45 Connection Between Repo and Broader Markets 1:00:59 Capital Wars