Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T

Follow On The Margin On Apple Podcasts: https://apple.co/3UsnTiM

Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX

--

On today’s episode, Michael Howell CEO of CrossBorder Capital joins the show to share his outlook for the global liquidity cycle and what it means for markets throughout 2023 & into 2024.

We deep dive into the mechanics of inflation, the impact of rising interest rate's on global refinancing, the reduced impact of QE from the Fed's shadow QE & the role of crypto & Gold in portfolios. To hear all this & more, you'll have to tune in!

--

Follow Michael: https://twitter.com/crossbordercap

Follow On The Margin: https://twitter.com/OnTheMarginPod

Follow Michael: https://twitter.com/MikeIppolito_

Follow Blockworks: https://twitter.com/blockworks_

--

Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london

Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/

--

Referenced In The Show:

Stanley Druckenmiller & Paul Tudor Jones: https://www.youtube.com/watch?v=QWccFlgaBxA

--

(00:00) Introduction

(01:53) Liquidity Is Rising

(05:01) The Path Ahead For Inflation In 2024

(09:34) DAS London Plug

(10:52) The Liquidity Spiral

(14:48) The Impact Of Rising Interest Rate's

(17:44) The Liquidity Cycle

(21:38) The Fed's Shadow QE

(25:13) The QRA Fueled A Huge Stock Market Rally

(30:40) Blockworks Research Ad

(31:28) The U.S Fiscal Outlook Will Cause The Fed's Balance Sheet To Rise

(40:29) Gold & Crypto

(42:40) Who Is The New Marginal Buyer Of U.S Debt?

(48:49) Crypto As An Inflation Hedge

--

Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.