“We might be heading to the largest economic crash in human history, whose aftermath would not spare any corner of the global economic order”
Authored by Tuomas Malinen via GnSEconomics.com, Market liquidity is crucial for well-functioning capital markets. There has been a quite lot of talk about diminished market liquidity and the role of machines in it (see, e.g. Q-review 4/2017, this and this). These are worrying developments. …