GM23: The Wars of Capital ft. Michael Howell
Top Traders Unplugged
Is the Fed Tight?
If i was the central bank, iw'ud be very alert to a falling turn premier in the bond markets. Central banks are determined to reduce the size of their balance sheet. The threat to the dollar is a collapsing ura,. which looks to us inevitable at some stage.
Today, we are joined by Michael Howell, Author and Managing Director of Crossborder Capital, for a conversation on how liquidity drives financial markets, based on his book, “Capital Wars: The Rise of Global Liquidity”. We address term premia and the impact it has on the economy, the off-shore market, how Central Banks have become the dominant players over the last decade and the capital war between China and the U.S. We also discuss what might happen if the global economy becomes divided into two worlds, where one is financed by the U.S. dollar and the other financed by the Chinese Yuan and the increasing networking risk and risk of crises within the financial system, the different types of liquidity and the recipe for creating a strong dollar and much more.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Cem on Twitter.
Follow Michael on Linkedin and read his book.
Episode TimeStamps:
00:00 - Intro
02:51 - Introduction to Michael Howell and his work
07:38 - How much debt is there globally?
14:08 - Why is longer-term treasuries desirable?
16:08 - The off-shore market
19:56 - The capital war between China and the U.S.
41:37 - Is the financial system more fragile than we think?
50:10 - What if the 10-year bond yield blows out rapidly?
53:59 - What has happened with the offshore short-term market?
59:55 - The currency space and relative liquidity
01:02:31 - Comments on the current regime
01:08:18 - Key takeaways from Niels
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
The AI-powered Podcast Player
