Markets Are Misreading A Late Cycle Liquidity Crunch | Michael Howell

Liquidity may be sending a very different signal than most investors think, challenging the dominant narrative around growth, rates, and risk.

We sit down with Michael Howell of CrossBorder Capital, a leading voice on global liquidity, to unpack where we are in the cycle and why his framework diverges from consensus views on markets and the economy.

We explore the liquidity vs. business cycle divide, yield curve dynamics, Treasury-driven liquidity, rising commodities, and why all signals may be pointing toward a late-cycle shift. Enjoy!

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