The U.S. Treasury Is Neutralizing The Fed's Quantitative Tightening | Michael Howell & Andy Constan

Michael Howell of Crossborder Capital and Andy Constan of Damped Spring Advisors join Forward Guidance to discuss and debate all things liquidity.

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More info on Damped Spring Advisors: https://dampedspring.com/
More info on Crossborder Capital: http://www.crossbordercapital.com/
Michael Howell’s Substack: https://capitalwars.substack.com/
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Timecodes:

00:00 Defining Global Liquidity
04:07 Only Looking At Federal Reserve Liquidity Is A Big, Big Mistake
11:23 Why Has Michael Howell's Global Liquidity Index (GLI) Been Rising?
18:49 The U.S. Treasury's Issuance Composition Has Been A Huge Factor For Liquidity
31:36 Is This "Shadow Quantitative Easing (QE)"?
44:06 Inverted Yield Curve & Repo
53:19Michael Howell's Bull Case For Stocks
59:10 The "Short All Assets" Trade
01:07:43 Will The Fed Return To Outright Quantitative Easing (QE)?
01:11:41 Is Liquidity Going To Expand? Yes, It Is - Michael Howell
01:17:44 Final Points On Term Premia, Fiscal Arithmatic, And The Dollar
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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.