Michael Howell (@crossbordercap), CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” joins Julia La Roche on episode 96 to discuss what's happening in the bond market.
Howell recently shared a piece on his Substack, "It's Bonds, Not Banks, That Look Dangerous." Read the piece here: https://capitalwars.substack.com/p/its-bonds-not-banks-that-look-dangerous
Links:
Website: http://www.crossbordercapital.com/
Twitter: https://twitter.com/crossbordercap
Substack: https://capitalwars.substack.com/
Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902
0:00 Intro
1:02 Macro view today
2:26 Why is the bond market so important
6:40 Pressures in the bond market
10:15 Term premia
14:43 BRIC economies’ gold-backed currency
16:16 Who is going to want to buy the Treasuries?
19:00 Bond market is distorted
22:50 US dollar
27:30 Liquidity
