Abundant Liquidity, Gold's Inflationary Call, and the Biden Administration's Relationship with the Mining Industry
In our first conversation of this week's long-form episode, Michael Howell discusses the source of liquidity in the current market and the role of central banks in injecting liquidity. He explains the investment cycle and the current phase, highlighting the potential challenges in the banking sector. Howell also discusses the implications of the Bank Term Funding Program and the relationship between interest rate expectations and liquidity. He emphasizes the importance of understanding the relationship between inflation expectations and liquidity, as well as the impact of liquidity on…
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