Why Global Liquidity May Be Turning Against Markets | With Michael Howell

Ash Bennington sits down with Michael Howell, founder and managing director of CrossBorder Capital, to unpack the one force he believes drives everything: global liquidity. Howell explains why the liquidity cycle may be rolling over and how debt refinancing pressure is building across the system. In the full episode, they discuss why repo stress and bond volatility matter more than most investors realize, and what that could mean for equities, bonds, gold, and crypto. They also dig into Japan, China, term premia, the debt maturity wall, and why policymakers may be able to delay market stress...but not avoid it forever Watch the full conversation on Real Vision 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Timestamps: 0:00 - Is a Summer Panic Coming? 2:04 - Michael Howell’s Liquidity Framework 4:04 - Where We Are in the Global Liquidity Cycle 7:15 - Why GFC 2 Is a Serious Long-Term Risk 10:01 - The Debt-Liquidity Nexus Explained 16:02 - The Debt Maturity Wall and Refinancing Risk About Real Vision™: We arm you with the knowledge, the tools, and the network to succeed in your financial journey. Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Website: 🔥 https://rvtv.io/3Y4t5Pw 📈 Get your Real Vision swag: https://shop.realvision.com 📣 Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. Disclaimer: https://media.realvision.com/wp/20231... #macro #liquidity #michaelhowell #realvision #debt #bonds #gold #crypto #japan #china #markets #investing #realvision #interestrates #finance