Michael Howell, founder & CEO of Crossborder Capital, has warned that global liquidity will peak by early 2026, after which markets may face turbulence due to $40 trillion in debt refinancing needs across government, corporate, and household sectors.
What Happened: In an interview on the Thoughtful Money podcast, Howell stated that global markets are at the highest liquidity levels since COVID, driven by factors like U.S. Treasury General Account drawdowns, foreign central bank easing, and China’s massive stimulus.
The Federal Reserve is injecting liquidity …