#212 Michael Howell: Markets Are 'Front Running Liquidity' and Will Get 'Sandpapered to Death' by Bond Yields

The Julia La Roche Show

Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche for episode 212 to discuss the global liquidity cycle, markets, and why there's uncertainty in the year ahead.

✨ This episode is sponsored by Public.com. https://public.com/julia ✨

Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.

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Links:

Website: http://www.crossbordercapital.com/

Twitter/X https://x.com/crossbordercap

Substack: https://capitalwars.substack.com/

Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902

Timestamps:

00:08 Introduction to Michael Howell

01:00 Global liquidity and market cycles overview

03:10 Global liquidity cycle visualization and trends

06:14 Discussion of debt refinancing vs. new capital financing

09:02 The approaching debt maturity wall and market challenges

12:46 Warning signs and historical financial crises

16:04 Bond market concerns and inflation outlook

21:37 Yield curve analysis and market distortions

23:24 Investment strategy recommendations

26:18 Gold and cryptocurrency as monetary inflation hedges

28:36 Investment regime cycles explanation

33:02 2025 outlook and mounting challenges

34:53 China's economic situation and policy constraints

39:10 Stock market euphoria vs. bond market signals

41:20 Final thoughts and portfolio allocation advice