Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche for episode 124 to share where we are in the global liquidity cycle and why gold is ready for a breakout moment.

Links: 

Website: http://www.crossbordercapital.com/

Twitter: https://twitter.com/crossbordercap

Substack: https://capitalwars.substack.com/

Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902

0:00 Intro and welcome Michael Howell to the show

1:00 Macro picture today 

2:15 2024 outlook, why liquidity is increasing 

6:30 Global Liquidity Index 

8:53 Gold, global liquidity, and U.S. CPI 

16:00 Gold is not the inflation hedge you think 

17:30 Gold holdings of BRICS & friends 

21:18 Gold is a monetary inflation hedge 

25:00 Breakout moment for Bitcoin like gold? 

27:00 Asset allocation 

30:30 Past crises were refinancing crises 

34:50 Will there be a recession? 

37:00 Portfolio construction, parting thoughts