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Michael Howell: "QE Is Coming Back, Big Time"
Forward Guidance
The Global Liquidity Cycle
Global liquidity index from cross-border capital plummeted in 2022 but is starting to go back up/nCorrelation between global liquidity and US dollar component has been impressively close for the last 15 years/nSupply of treasury bills in the US economy is a leading indicator for global liquidity cycle/nProjection of treasury bill issuance in the next six to nine months is available
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