Liquidity Latest




  • Weekly cycle of major regions confirms pattern of broader (full) monthly cycle
  • Weekly data show pace of Global Liquidity growth picking up at end-February
  • ECB and BoJ trending higher. BoE gradually recovering. Fed clearly slowing


  • Global Liquidity index peaked in early 2009 and visibly inflecting
  • Central Bank liquidity trending higher as BoJ and ECB ease
  • Global private sector liquidity turning lower
  • Asset market booms continue for 1-2 years after a liquidity cycle peak
  • Banking crisis typically occurs within 1-2 years of a liquidity cycle trough




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