Michael Howell of Crossborder Capital returns to Forward Guidance with a much-needed update on global liquidity.
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Timestamps:
00:00 Introduction
01:02 Rising Liquidity Is Supporting A New Bull Market
07:07 Are Shadow Quantitative Easing (QE) and Yield Curve Control Already Here?
27:06 We're In A Liquidity Cycle Upturn
32:42 Falling Inflation Has Boosted Liquidity & Price / Earnings (P/E) Multiples
40:58 Liquidity Is Rising In China & Japan
47:20 Howell's Not Very Bullish On Bonds
54:53 Stocks Will Likely Continue To Outperform Bonds
56:06 When Will The Fed Start Cutting Interest Rates?
01:00:08 Internals Of Stock Market Indicate Global Economic Slowdown Is Likely Already Behind Us
01:03:00 Liquidity Is High In Chinese Financial System
01:13:25 Inflows Into Emerging Markets Are "Very Unusual"
01:16:20 How To Measure Bank of Japan's Liquidity Injections
01:17:25 Bank of England (BOE) and European Central Bank (ECB) Are Less Important Than Fed & People's Bank of China (PBOC)
01:18:29 The Fiscal Endgame (Rates Have To Stay High To Prevent Further Debt Build-up)
01:31:42 When Will Shadow Quantitative Easing (QE) Turn Into Outright QE?
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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.
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