MacroVoices #477 Michael Howell: Are We Approaching A Debt Refinancing Crisis
Macro Voices
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Understanding Global Liquidity Cycles
This chapter explores insights from a white paper on global liquidity cycles, emphasizing the flow of funds approach over individual securities. It highlights how credit cycles and political actions influence debt refinancing and investor behavior, particularly in the wake of the Trump administration's policies. The discussion addresses current liquidity conditions, historical market trends, and the looming risks in advanced economies' debt and liquidity ratios.
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Transcript
