X @Raoul Pal
Raoul Palยท2025-09-17 01:44
Liquidity & Business Cycle - US government debt's weighted average maturity increased by 25% from 4 years to 5 years starting in 2022 [1] - Increased debt maturity suggests a potential extension of both the liquidity cycle and the business cycle [1] Financial Conditions - GMI's lead indicator work, specifically the GMI Fin Conditions Index, supports the idea of extended cycles [1]