The liquidity slowdown is not because the Fed is tightening aggressively, but because the real economy is so strong and consuming available liquidity, crowding out financial markets.
causalpending
Speaker
Michael HowellEvidence Quote
“It's much more because the real economy is so strong...all money that is anywhere must be somewhere. So if it's in the real economy, it's not in financial markets and financial prices are suffering.”
Source
Massive Liquidity Shock Coming; Brace For 'Wrecking Ball' Warns Economist | Michael Howell— David LinCreated: 8/12/2026, 6:46:58 PM
My Notes
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