Global Liquidity slipped by US$86bn last week to US$171.38tr. The Shadow Monetary Base was the main driver. Four of the five major Central Banks are involved but the
© 2025 Michael Howell
Substack is the home for great culture
Global Liquidity slipped by US$86bn last week to US$171.38tr. The Shadow Monetary Base was the main driver. Four of the five major Central Banks are involved but the