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Thoughtful Money with Adam Taggart
Liquidity Drain To Disrupt Markets In 2025 | Michael Howell
Oct 17, 2024
In this engaging conversation, Michael Howell, Founder and CEO of Crossborder Capital, shares his insights on global liquidity and financial markets. He predicts a potential liquidity drain in 2025, driven by rising debt refinancings, which could disrupt market stability. Howell emphasizes the cyclical relationship between liquidity and asset prices and flags inflation and corporate debt as significant risks. He also discusses the Federal Reserve's tightening policies and their impact on the U.S. Treasury market, warning investors to prepare for a bumpy road ahead.
01:00:43
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Quick takeaways
- A forthcoming liquidity drain in 2025, driven by corporate debt refinancing needs, is expected to disrupt financial markets and investor stability.
- Inflationary pressures, compounded by global economic factors like China's debts, pose significant risks that investors must navigate carefully.
Deep dives
Impending Liquidity Challenges
World financial markets are predicted to face significant liquidity challenges starting late next year due to an increased need for debt refinancing. Currently, substantial liquidity is benefiting asset markets, but this will be redirected to meet refinancing obligations, particularly impacting stocks, gold, and Bitcoin. As a result, the favorable investment climate of 2023 may shift, causing investors to reassess their positions for 2025. This shift is compounded by a maturity wall of corporate debt that presents a looming refinancing issue that could disrupt the market, leading to a more difficult investment environment ahead.
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