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Michael Howell on the Recent Rise of Liquidity and the Dollar's Triffin Dilemma

Mining Stock Daily

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The Shadow of Shadow Banking

There is a shortage of good quality collateral in the world economy. The US Federal Reserve must be aware of that because even if I get it, the 2000 PhDs or whatever they've got,. you know, housed in Washington looking over the financial system must have got it too. And therefore the monetary authorities are very likely to pay close attention to these risks and those risks will show up or be highlighted in the shadow banking system. With term premier so negative, what you've got to see is a benign liquidity environment over the next few years anyway.

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