Global liquidity: the hidden force behind asset prices
Asset prices follow liquidity. These articles explore how money flows through the system — from central bank operations to money market funds, cross-border USD credit, and the mechanics that connect it all to what you see on your screen.
Why High Oil Prices Are Bad For USD (HINT: China & Credit)
Primary Dealers Failures To Settle Implications For Risk Assets
M2 Money Supply Is A Bad Measure of Global Liquidity
'The market is never wrong' #8
How Banks Create Money When Purchasing Assets
my article on repo rates and BTC price was referenced on bitcoin.com
lower interest rates means less attractive repo and deposit rates, thus expect more capital movement into assets, as the yields on MMF/deposits become less attractive
gold is a great asset to hold for the next 5 years
gold revaluation will NOT solve the US debt problem
repo rates increase and borrowing decreases in quarter-ends
when a bank buys an asset from a non-bank it creates broad money
it's NOT yet the top of the cycle for equities, cryptocurrencies and other risk assets. here’s why
here's what yield spreads are saying about Bitcoin
USD cross-border bank credit grew by $800 billion in Q1 2025
by "central bank" I'm frequently referring to the broader set of the legal framework behind the macro monetary policy
outstanding cross-border bank credit reached a record of $34.7 trillion
weaker US dollar means more USD credit issuance abroad - here's why
USD is the world's reserve currency, but what does that mean?
now imagine when credit institutions can tokenize new credit and allow automated stablecoin issuance backed by that credit
'The market is never wrong' #7
how banks work? bank's business model is very simple:
to lower the mortgage rates the Fed can purchase agency MBS - likely they did in QE 1 2008
regulations may sound boring - but they're crucial to understand money, liquidity and financial system as a whole
'The market is never wrong' #6
🇨🇳 china's central bank uses USD value as a key driver in economic policies #2