Cross-Asset Liquidity Strategist, CrossBorder Capital

Michael J. Howell

CrossBorder Capital an investment advisory firm specialising in macro-investing. Founded in 1996 with an international client base, CrossBorder focuses on monitoring and understanding global liquidity and capital flows. Our proprietary databases (available to clients) cover 80 countries in depth from 1980 onwards. We take a systematic quantitative methodology that uses this data with AI models to predict financial market movements. The efficacy of our data has been independently verified, and we have an associated but separate asset management division.

Cross-Asset Liquidity Strategist

Pressure Rises on Fed for 2007/09-Style Response as Investors Fear the Worst US Economic Outcome

Return of Risk Aversion Raises the Ante on Fed Policy Outlook as Repo Market Stress Concerns Linger

Implementing Research Using Alt Data & AI

CrossBorder Capital

CrossBorder Capital is a London-based independent investment advisory firm. Founded in 1996, it exploits a gap in the investment arena by focusing on Central bank liquidity. 

It specialises in the monitoring and analysis of global liquidity flows - an important determinant of asset prices, from currencies through to bonds, equities and real estate.

CrossBorder Capital implements its investment strategy and currently manages over US$ 350m.


Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>This is a liquidity crisis, where fungibility disappears and Central Banks simply have to act</li>
<li>Expect QE5 (we just had QE4), QE6 and others. US Fed balance sheet set to break US$5 trillion. Cutting interest rates is a bad move which could even destroy short-term liquidity</li>
<li>Next round of coronavirus crisis will strain US$ fx swap and funding markets as supply-chain payments fall</li>
<li>Expect near-term firm US dollar, and later much stronger gold price and steeper yield curves</li>
</ul>


This is a liquidity crisis, where fungibility disappears and Central Banks simply have to act
Expect QE5 (we just had QE4), QE6 and others. US Fed balance sheet set to break US$5 trillion. Cutting interest rates is a bad move which could even destroy short-term liquidity
Next round of coronavirus crisis will strain US$ fx swap and funding markets as supply-chain payments fall
Expect near-term firm US dollar, and later much stronger gold price and steeper yield curves


GFC2? Liquidity Crisis