- Top in Finance
- #37
- Paid leaderboard
- #5
- Subscribers
- 57K
- Paid subscribers
- 1,000+ paid
- Badge
- Bestseller 1k
- Followers
- 76K
- Paid plan
- $75/mo
- Recommends
- 40
- Podcast
- Yes
rounded by Substack
other newsletters
Growth history
Rank in Substack’s finance leaderboard: #37 today
Stats worth sharing
Tracked since Sep 10, 2026 — 1 daily snapshot so far. The card below is built from what we track and refreshes nightly. It is free for Capital Wars to post, embed or send to readers, as long as the watermark stays on it.
- Percentile
- Top 8%
- Best rank seen
- #37
- Posts
- 12
- Reactions per post
- 61
- Reactions tracked
- 737
of 525 ranked finance newsletters
on Sep 10, 2026
last 30 days
average, recent posts
across 12 posts
Most-reacted post we have seen: AAA Rated: Bonds and the Hidden Architecture of Modern Finance — 168 reactions on Aug 26, 2026.
Recent posts
- In Conversation With Michael Howell
Get more from Michael Howell in the Substack app Available for iOS and Android Get the app
- Global Liquidity Watch: Weekly Update
Global liquidity is being supported by benign funding conditions (low volatility), but underlying liquidity creation remains weak, with SMB growth still negative. Investor risk appetite remains strong, increasingly favouring select developed markets and commodity-related emerging markets
- Bitcoin’s Liquidity Paradoxes
We view liquidity as circulating through two distinct channels: the financial economy and the real economy. We often express this idea by saying that all money that is anywhere must be somewhere ; it cannot occupy two places simultaneously. In broad terms, liquidity in the financial sector supports bond prices and risk assets, while liquidity in the real economy fuels commodity markets, business activity and corporate profits. When liquidity shifts between these two circuits, equity P/Es may fall as bond yields rise, but stronger earnings can offset that pressure to a greater or lesser…
- Impossible Things
“Alice laughed. ‘There’s no use trying,’ she said. ‘One can’t believe impossible things.’ ‘I daresay you haven’t had much practice,’ said the Queen. ‘When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.’” — Lewis Carroll, Alice Through the Looking-Glass Markets are being asked to accept three widely held assumptions: that rising US bond yields reflect a loss of confidence in US assets, that higher rates are inherently bearish , and that recent US Treasury and Federal Reserve interventions amount to…
- Global Liquidity Watch: Weekly Update
Sorry for the errors in the table. Here is the corrected version.
- Global Liquidity Watch: Weekly Update
- More (Johnny) Cash?
- AAA Rated: Bonds and the Hidden Architecture of Modern Finance
- Global Liquidity Watch: Weekly Update
- Bonds, Bessent and Bedlam
- Global Liquidity Check
- Bills Are The Pills
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Capital Wars. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Sep 10, 2026.