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Real Vision: Finance & Investing cover image

Raoul Pal & Michael Howell: Why Liquidity Matters More Than Anything Else

Real Vision: Finance & Investing

NOTE

Liquidity, not interest rates, is paramount for mortgage and debt refinancing

Liquidity is the paramount factor in markets now./nBalance sheet capacity is a measure of liquidity./nFor every $1 of new financing in terms of capital spending, $7 are transacting the financial markets today for debt refinancing./nIf you can't refinance, you default.

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