4 ms·
Has nothing to do with flooding the world with cheap money which chased unrealistic yields. Systemic excess liquidity when deposited needs excess assets to bala
by heisenbit 4y ago
Has nothing to do with flooding the world with cheap money which chased unrealistic yields. Systemic excess liquidity when deposited needs excess assets to balance. Assets which were bought at inflated prices. The question now is only how much will this house of cards collapse.