52 min listen
Has the Fed Already Gone Too Far?
Has the Fed Already Gone Too Far?
ratings:
Length:
35 minutes
Released:
Jul 12, 2022
Format:
Podcast episode
Description
Markets meandered during a mixed Monday session, as investors bide their time ahead of Wednesday’s release of consumer price index data for June. We’re already seeing signs that tighter money is impacting real economic activity in the U.S., with homebuilders reporting steep slowdowns in sales and sharp upticks in cancellations last month. Tighter policy is also encouraging investors seeking safety, putting upward pressure on the U.S. dollar, through knock-on effects, draining even more liquidity from global markets. In his most recent note, Michael Howell reported that CrossBorder Capital’s Global Liquidity Index “is still testing a low reading of 29.5” within a range of 0 to 100. “Liquidity matters,” says Howell, CrossBorder Capital’s founder. He believes central banks are making another major error, this hammering too hard on the brake. “The world economy is now in a recession.” Howell, managing director at CrossBorder Capital, joins Real Vision's Maggie Lake to discuss the developing “big liquidity squeeze” and the “world recession” he says is its cost. We also hear from Raoul Pal about the increasingly complex macro environment. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3yUwdjU. Watch Friday’s full Daily Briefing episode featuring Raoul Pal and Maggie Lake here: https://rvtv.io/3nVsvAs.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jul 12, 2022
Format:
Podcast episode
Titles in the series (100)
Adventures in Finance 3 - Opportunities in German Real Estate: Uncover the huge untapped potential in Germany’s real estate market and the interesting cultural and fundamental dynamics driving this opportunity. Mark Yusko, CEO and CIO of Morgan Creek Capital Management, also shares what he got wrong about... by Real Vision Daily Briefing: Finance & Investing