MacroPass™: Michael Howell On Slowing Global Liquidity Conditions
Momentum is stalling out, as the long-term liquidity cycle has predicted it should
This installment of our popular MacroPass™ service for premium members of this Substack comes from macro analyst and & liquidity expert, Michael Howell of CrossBorderCapital.
His liquidity cycle analysis has predicted that liquidity should hit its peak in late 2025/early 2026 and then contract for several years.
And as he has been forewarning, it now looks like liquidity momentum is stalling out.
Are we at the peak? Is the turn into contraction about to start?
Michael’s full write up is below.
To-date that list of contributors includes experts like Lacy Hunt (Hoisington), Stephanie Pomboy (Macro Mavens), Danielle DiMartino Booth (QI Research), Tom McClellan, Michael Howell (Capital Wars), Darius Dale (42 Macro), Doomberg, Ted Oakley (Oxbow Advisors), Kevin Muir (The Macro Tourist), Alf Peccatiello (The Macro Compass), Lance Lambert (ResiClub), Ed Yardini (Yardini Research), David Hay (Haymaker), Melody Wright (M3_Melody), David Stockman (Contra Corner), David Brady (FIPEST Report), John Rubino, Adam Kobeissi (The Kobeissi Letter), Sven Henrich (Northman Trader), Jeff Clark (The Gold Advisor), Charles Hugh Smith, Steven Bavaria (Inside the Income Factory®), Chris Whalen (The Institutional Risk Analyst), Felix Zulauf, Jesse Felder (The Felder Report), Brent Johnson (Macro Alchemist), Pieter Slegers, (Compounding Quality), Michael Oliver (Momentum Structural Analysis) and Anna Wong (Bloomberg Economics).
Recent MacroPass™ reports in this series include:
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