2min snip

Real Vision: Finance & Investing cover image

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

Real Vision: Finance & Investing

NOTE

The Fed's Debt Ceiling Debate

The banking system has falsely constructed a yield curve by creating a half percent interest and investing it which resulted in deposit flight going into the reverse repo via the money market funds./nThe Fed will have to cut rates very fast at some point due to the deposit flight./nThe debt ceiling debate is likely to run on until probably mid-year, which is a frustration and not helpful.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode