Global Liquidity, Debt, and the Four Horsemen
About this episode
Michael Howell discusses the impact of global liquidity and debt on the investment landscape.
Michael Howell of GL Indexes and Capital Wars joins Ed D'Agostino to explain how global liquidity is being drained by four converging forces—central bank tightening, surging oil, a rising dollar, and spiking bond volatility—just as a massive wall of COVID-era debt comes due for refinancing. He makes the case that the bull market is likely over, the traditional 60/40 portfolio is breaking down, and where investors should be looking.
More episodes of Global Macro Update
- The New "Hemispheric Doctrine"
- Double the Return with Lower Volatility
- Bonds Don't Lie
- Why Everyone Was Wrong About the Global Oil Glut
- Emerging Markets Are En Vogue
- The GeoMacro Era Is Here
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