Free clip: The limits of easy money

  • Free clip from 22 Oct webinar
  • The fuel for the rally comes from a mix of fiscal stimulus being channelled into fund flows and financial sector leveraging
  • But cracks are beginning to appear, from First Brands, to doubts about circular financing in tech, to the flight into gold
  • To understand the limits of leveraging, look at the fund flows
  • First ten minutes free to view; full webinar only for clients with Group Webinar and One-on-one subscriptions

Melt-up or melt-down? Will the credit problems surfacing at the likes of First Brands now spread more broadly, or will the wave of liquidity go back to suppressing fundamentals once again? And how much difference does it make when the authorities seem more concerned about stifling potential problems through a combination of easing and deregulation than they are by the risks of potential exuberance in markets?

This is the first ten minutes of the webinar. The full version - including Q&A on Fed QT and gold - is available only to logged-in users with Group Webinar or One-on-one subscriptions.

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