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EssentialDaily Briefing

Has the Fed Already Gone Too Far?

Featuring Maggie Lake and Michael Howell

July 11 at 8:00PM • 31 minutes

299

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Essential

Daily Briefing

Has the Fed Already Gone Too Far?

According to Michael Howell, "The economic cost of this big liquidity squeeze is world recession."

Featuring Maggie Lake and Michael Howell

July 11 at 8:00PM • 31 minutes

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. Show More

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

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