Macro · International newsletter
Capital Wars: review of price, cadence & strategy
Global liquidity and capital-flow research from Michael Howell.
Capital Wars, by Michael Howell, focuses on global liquidity and capital flows: the flow of funds from central banks (QE or QT), banks and shadow banks, corporations and cross-border investors. The About page says the team has watched these flows for over thirty years. Prices are the publication's web subscription prices on Substack.
Want to see what you get before paying? Read recent issues in the official archive.
Facts checked on 2026-10-24 at the official page. Prices can change; confirm before you subscribe. We do not publish ratings or performance claims.
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