Global Liquidity Insights
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 429 | Founded | 3 years ago | Last Issue | 7 days ago |
| Active | |||||
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capitalwars.substack.comLatest Issues
Global Liquidity Watch: Weekly Update
Fed & Treasury Behind Rise in Liquidity
Global liquidity climbed to US$191.8tr last week, driven by Fed support, a weaker dollar, and sharply lower bond volatility boosting collateral. Short‑term momentum has re‑accelerated, but PBoC tight...
Are We Still ‘Late’ Cycle? Crypto, Bonds, and the US$600bn Fed Pivot
Why we are stuck in the ‘Speculation’ phase—and what changes if China’s PBoC and the US Fed both hit the brakes
Crypto has made an impressive rally over recent weeks (see BTC$ chart below). We have not participated. Here is why. While we a...
The Defenestration of the Fed: Why MOVE, Not FOMC, Drives Markets
Move Over, Fed funds
Contrary to the fears of some senators, incoming Fed Chair Warsh is no one’s ‘hand puppet’. But that’s not the real story. The headline is that the Fed itself has been pushed aside. The primary drivers of financial...
Global Liquidity Watch: Weekly Update
Liquidity Peaks as EM Risk Stretches
Global liquidity ticked up to US$190.8tr last week, helped by a weaker dollar and stronger collateral—but slowing growth confirms we’re at peak liquidity. Momentum is capped by thin Central Bank support...
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Authors
The writers behind this newsletter.
Dr Michael J. Howell has worked in finance for over 30 years. Formerly Research Director at Salomon Bros where he developed the concept of 'Global Liquidity'. He is author of 'Investing in Emerging Markets' (1995) and 'Capital Wars' (2020).
Rehumanizing financial advisor practices. I help $2M–$30M HNWI families architect, protect, grow, and pass on lasting wealth. Founder ATOMIQ, host of ATOMIQ LEVEL, Agentic AI , BTC Treasuries, 4× #1 bestselling author.
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