MICHAEL HOWELL | Gold's a Fast Disappearing Asset, Commodities ⬆️, Inflation ⬆️, Get Hedges Now!
This framework gives important insights in a debt-driven World. First-and-foremost, financial markets increasingly operate as vast debt refinancing mechanisms not new capital-raising vehicles . Second, domestic and international capital flows represent key drivers of the economic system. Increasingly cross-border flows determine trade balances, not
... See moreMichael Howell • The Crest of a Wave
focus on the supply-and-demand dynamics of the financial economy to explore what determines the value of money.
Ray Dalio • Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
For example, if public debt is compounding higher at a 7-8% annual clip, then liquidity needs to keep pace to avoid financial crises. Think of it as the ‘cost’ of stability. This rate of monetary inflation represents a return hurdle for other assets because it measures the rate of debasement of paper money. Hence, investors need to figure which ass... See more
Michael Howell • The Debt-Liquidity Spiral
The world’s governments thus find themselves in an ever-shrinking box. And all it will take to trigger the crisis is a return to historically-normal levels of interest rates. As recently as 2000, 30-year Treasury bonds yielded over 6 percent and 30-year mortgages cost 7.5 percent. Let rates return to those levels and the global financial system imp
... See moreJohn Rubino • The Money Bubble
a limited amount of that hard money (e.g., gold on deposit),
Ray Dalio • Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
Real Vision@RealVision·10hA story of war, debt, money, and manipulation