So… USD liquidity fell JUST -3.4% in just over a half a month to today, or $138bn, from all time highs, and the stock market completely fell apart.
So… USD liquidity fell JUST -3.4% in just over a half a month to today, or $138bn, from all time highs, and the stock market completely fell apart. What happens, I wonder, when liquidity normalizes – i.e., pre-COVID liquidity levels …