Liquidity Is Breaking And The Economy Is Next | Michael Howell скачать в хорошем качестве

Liquidity Is Breaking And The Economy Is Next | Michael Howell

In this episode, Michael Howell joins the show to discuss the Fed & Treasury’s hidden stimulus tapering off, why we need more liquidity in the financial system to refinance debts, and why the Fed’s QE & duration goals are unrealistic. We also delve into the dislocation between the 10-year yield and mortgage rates, what China needs to do to escape its debt deflation, global liquidity’s correlation to Bitcoin’s price, and more. Enjoy! __ Follow Michael: https://x.com/crossbordercap Follow Felix: https://x.com/fejau_inc Follow Forward Guidance:   / forwardguidance   Follow Blockworks:   / blockworks_   Forward Guidance Newsletter: https://blockworks.co/newsletter/forw... Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx — Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/... — Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissio... __ Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on Ledger.com. — Timestamps: 00:00 Introduction 00:06 Deep Dive into Bank Reserves 03:53 Fed/Treasury Pump and Dump 09:51 Global Liquidity and Debt Refinancing 16:05 Ledger Ad 16:49 Bank Reserves & Liquidity-to-Debt Ratio 20:19 Post-GFC Financial System 23:46 Repo Market Tensions 35:01 Ledger Ad 35:46 The Fed's Duration Dump and Debt Refinancing 39:25 Yield Curve Suppression and Inflation Rates 44:11 Credit Markets and Risk Appetite 50:47 China's Economic Policy and Gold Strategy 01:00:52 Bitcoin & Global Liquidity 01:07:59 Final Thoughts __ Disclaimer: Nothing discussed on Forward Guidance 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.