The CrossBorder Capital Blog

Credit Update – Car Crash Coming (CCC)   Global Liquidity is heading lower, paced by an aggressive US Federal Reserve seemingly determined to ‘break something’ in the name of curing inflation. This warns of a coming car crash in the credit markets and a recession by Q3 2022. Indeed, the US Treasury market has been warning about this for months       See our latest published research, Global View – Credit Update – Car Crash Coming (CCC) - May 2022     IMPORTANT – Our email addresses are changing – emails from sender@liquidity.com will become sender@crossbordercapital.com from the 1st of July 2022. After this date emails to ANY email account ending in liquidity.com will NOT work. Please update your records before the 1st of July 2022. You may also receive a direct communication from your contact to this effect. Please feel free to contact us on info@crossbordercapital.com at any time about this change.

What Could Drive This Bear Market … Even Lower?   Beware bear market rallies. They are enticing and exciting, but the ultimate drivers of this bear remain firmly in place. We look set for at least a 30% peak to trough decline in the major indexes. Led by the US Fed, Central Banks are tightening. And, forced by the combination of C-19 lockdowns, the fragile Yuan and tight PBoC, the Chinese economy is skidding. A weaker Chinese will badly hurt World earnings.     See our latest published research, Global View – What Could Drive This Bear Market … Even Lower? - May 2022     IMPORTANT – Our email addresses are changing – emails from sender@liquidity.com will become sender@crossbordercapital.com from the 1st of July 2022. After this date emails to ANY email account ending in liquidity.com will NOT work. Please update your records before the 1st of July 2022. You may also receive a direct communication from your contact to this effect. Please feel free to contact

Global Liquidity Latest: Black Cygnets?!   ·                 Whopping US$60 trillion of annual re-financing demands a sizeable balance sheet capacity and, hence, plentiful liquidity. Yet, 85bp of 10-5 year curve flattening is a major credit warning   ·                 Apart from C-19 lockdowns, China is also facing pressure on her currency, sufficient to cause the PBoC to tighten domestic liquidity policies         See our latest published research, Global Liquidity Latest – May 2022   IMPORTANT – Our email addresses are changing – emails from sender@liquidity.com will become sender@crossbordercapital.com from the 1st of July 2022. After this date emails to ANY email account ending in liquidity.com will NOT work. Please update your records before the 1st of July 2022. You may also receive a direct communication from your contact to this effect. Please feel free to contact us on info@crossbordercapital.com at any time about this change.