Concept Map

Macro system flow

Click nodes to see upstream causes and downstream effects.

How liquidity flows from central banks to asset prices

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CENTRAL BANKS

Set policy, control the spigot

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LIQUIDITY INPUTS

Fed Assets βˆ’ TGA βˆ’ RRP = Net Liquidity

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NET LIQUIDITY

THE key number β€” when this rises, risk assets rise

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TRANSMISSION CHANNELS

How the liquidity signal reaches markets

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CREDIT ENGINE

Amplifies or dampens the liquidity signal

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ASSETS

The scoreboards β€” where liquidity shows up

Click any item to see details β€’ Flow: Top β†’ Bottom