World has attempted to pump up credit/economic activity & has failed. Global liquidity is rapidly shrinking — and that is a major problem — usually brings a crisis of some sort

global liquidity is rapidly shrinking — and that is a major problem — usually brings a crisis of some sort pic.twitter.com/tWlnLWEBvB

— Alastair Williamson (@StockBoardAsset) August 25, 2018

"Global liquidity is already below pre-crisis levels, tide will continue to ebb," h/t @IIF pic.twitter.com/jtQCPSCDSj

— Alastair Williamson (@StockBoardAsset) August 25, 2018

ECI Economic Indicator Index suggests world has attempted to pump up credit/economic activity & has failed. This implies a large infusion of new credit needed NOW in order to prevent breakdown – which could lead to a self iterating liquidity contraction

h/t @StockBoardAsset pic.twitter.com/jtD8g7tbqV

— mcm-ct.com (@mcm_ct) August 25, 2018

WoW–> ECRI Index (monthly) just rejected GANN Line — Maybe evidence that US Economy technically has peaked? If so, bad news for Trump admin and the potential economic/political crisis that could develop. pic.twitter.com/nqJ1yp3Bj6

— Alastair Williamson (@StockBoardAsset) August 25, 2018

Now in terms of how the “autumn of liquidation” will play out, here's Redeker again in a recent note on what happens after quantitative tightening (QT) picks up: pic.twitter.com/SRWf8IDtiP

— Alastair Williamson (@StockBoardAsset) August 25, 2018

TOTAL CONSUMER #CREDIT VS FED FUNDS RATE

Look at debt expand and contract as a result of rates. pic.twitter.com/2smU8RO20z

— OW (@OccupyWisdom) August 25, 2018

MORTGAGE RATES HAVE BROKEN A 38-YEAR DOWNTREND

Steadily declining rates have encouraged two #mortgage debt bubbles. As rates rise, housing prices will come down leaving many owing more than their home is worth pic.twitter.com/6BlAhBynSl

— OW (@OccupyWisdom) August 25, 2018

Chart: Markets now expect the Fed to cut rates in 2020 as the fiscal cliff hits the economy – pic.twitter.com/gS1fyHoBTr

— (((The Daily Shot))) (@SoberLook) August 24, 2018