Latest 'Capital Wars' Substack https://t.co/oGSxo7RdUS https://t.co/FMQRQLmrqh

the near-US$185 trillion pool of Global Liquidity, the aggregated amount of international cash savings and credits. This is two-thirds bigger than World GDP, and because it includes elements of shadow banking and repo market activities, it exceeds traditional money supply metrics by some US$70 trillion. Global Liquidity is US$12 trillion higher so

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