The CrossBorder Capital Blog

Policymakers Reconfirm Their Support   Latest weekly balance sheet data from the World’s major Central Banks show aggregate liquidity growth tick higher for the fourth consecutive week. While current growth rates are far short of the pace seen in the Spring, major Central Banks continue to pump liquidity into markets. Latest economic indicators evidence that recent lockdowns have barely caused a blip. That said, Central Bankers are erring on the side of caution.       See our latest published research, Weekly Global Liquidity Update 18 December 2020            ————————————————————————————————————————————————————————— 19/21 Catherine Place, London SW1E 6DX Tel: 0203 954 3430         @crossbordercap   CrossBorder Capital Limited are authorised and regulated by the Financial Conduct Authority. Registered in England. Company Number 2687676.       

Emerging Market Liquidity Update: China's Unconventional Policy Tools   ·          All Emerging Market crises are first-and-foremost currency crises, but most Emerging Market booms are, these days, made in China   ·         There is a near-perfect straight line between increases in the pace of Chinese shadow bank lending and World commodity prices       See our latest published research, Emerging Markets Latest GLI™ – December 2020   For further information, or to change user options, please contact us at crossbordercapital@liquidity.com            ————————————————————————————————————————————————————————— 19/21 Catherine Place , London SW1E 6D X Tel: 0203 954 3430      www.crossbordercapital.com CrossBorder Capital Limited are authorised and regulated by the Financial Conduct Authority. Registered in England. Company Number 2687676.     

Global Liquidity Latest: From Boom to Doom?   ·            World economy likely to surprise on upside in 2021 as the US$23 trillion (27% World GDP) of new liquidity is spent   ·            Potential strength of World GDP warns that downward inflexion in Global Liquidity is coming           See our latest published research, Global Liquidity Latest –   December   2020            ————————————————————————————————————————————————————————— 19/21 Catherine Place, London SW1E 6DX Tel: 0203 954 3430      www.crossbordercapital.com CrossBorder Capital Limited are authorised and regulated by the Financial Conduct Authority. Registered in England. Company Number 2687676.        

From Boom to Doom?   There may be no obvious bubbles in World stock markets, but we are not optimistic about 2021. Not only is this the very opposite of our upbeat view of 2020, but it seemingly contradicts our on-going optimism about the real economies. However, the great watch-word of investing is that “… strong economies do not have strong financial markets”. 2021 will be a major test!       See our latest published research, Global View - From Boom to Doom? – December 2020         @crossbordercap     CrossBorder Capital Limited are authorised and regulated by the Financial Conduct Authority. Registered in England. Company Number 2687676.