# The GODFATHER of Global Liquidity

Page: https://stenobird.com/podcast/the-macro-dirt-podcast-7189318/the-godfather-of-global-liquidity
Text version: https://stenobird.com/podcast/the-macro-dirt-podcast-7189318/the-godfather-of-global-liquidity.md
Podcast: [The Macro Dirt Podcast](https://stenobird.com/podcast/the-macro-dirt-podcast-7189318)
Published: 2026-03-19T12:02:06+00:00
Episode link: https://podcasters.spotify.com/pod/show/macrodirt/episodes/The-GODFATHER-of-Global-Liquidity-e3gm5b4
Audio file: https://anchor.fm/s/f7e06fa8/podcast/play/117166884/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-2-19%2F420345835-44100-2-b784a1ea2b6ea.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-macro-dirt-podcast-7189318/episodes/the-godfather-of-global-liquidity
Duration seconds: 2106

## Resource

In this podcast, Tony Greer and Jared Dillian are joined by Michael Howell of CrossBorder Capital for a deep dive into global liquidity, inflation risk, and the growing case for a long-term bull market in commodities and real assets. They discuss tightening liquidity momentum, China’s role in driving gold higher, rising oil price risks, and why defensive positioning—mid-duration bonds, a firm dollar, and natural resources—may make sense as yield curves flatten and credit risks build. The conversation also explores stablecoins as a potential U.S. policy tool for re-dollarization, geopolitical inflation dynamics, and how regime-change trades could reshape portfolios. Limited time offer $200 OFF on the Navigator - https://tgmacro.com/checkout/?add-to-cart=10292

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## Transcript

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