The Speculation Phase Begins | Michael Howell on Liquidity Cycle, China, Fiscal Dominance, and Dollar Weakening
Monetary Matters with Jack Farley
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Market Dynamics and Bond Stability
This chapter explores the relationship between easing global liquidity and the rise of various financial markets, while cautioning against potential risks as the economic cycle matures. It emphasizes the significance of bond market integrity, highlighting the instability in offshore markets like Japan and contrasting it with the relative stability of the U.S. Treasury market. The discussion further delves into the implications of rising term premiums, the impact of global economic shifts, and the potential pressures on international markets.
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