Michael Howell
Founder, CrossBorder Capital · Publisher, Capital Wars
“This everything bubble will inevitably come to an end and you're starting to see signs that liquidity is rolling over. And therefore we've got to accept the fact that after every bubble comes a bust.”
“The liquidity cycle per se is unlikely to bottom within the next six months. It's much more likely to be a 2027 event. ... middle to later in 2027.”
“The gold price is going up now because of China's historic debts. And the liquidity injection that we've seen from the People's bank is all about trying to devalue the yuan internally.”
Michael Howell
One-line summary: Liquidity-cycle analyst; 65-month global-liquidity clock; everything-bubble bust as the 2027 base case.
What they're known for
Brief factual context — fill in.
Why they matter to stock-market
Why this person's claims are tracked here — fill in.
Said
Speaker-attributed claims extracted from diarized sources. Each bullet mirrors one entry in quotes: frontmatter — keep them in sync.
-
On global-liquidity-rollover-to-2027-rebound:
"This everything bubble will inevitably come to an end and you're starting to see signs that liquidity is rolling over. And therefore we've got to accept the fact that after every bubble comes a bust." — 2026-08-15-macro-voices-macrovoices-545-michael-howell-warsh-vs-the (2026-08-13)
-
On global-liquidity-rollover-to-2027-rebound:
"The liquidity cycle per se is unlikely to bottom within the next six months. It's much more likely to be a 2027 event. ... middle to later in 2027." — 2026-08-15-macro-voices-macrovoices-545-michael-howell-warsh-vs-the (2026-08-13)
-
On global-liquidity-rollover-to-2027-rebound:
"The gold price is going up now because of China's historic debts. And the liquidity injection that we've seen from the People's bank is all about trying to devalue the yuan internally." — 2026-08-15-macro-voices-macrovoices-545-michael-howell-warsh-vs-the (2026-08-13)
Sources
Related
Cross-links — fill in.