Down the liquidity hole
Do markets respond to the economy, or to the amount of money the central banks provide?
Unhedged · Financial Times & Pushkin Industries
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Show Notes
Market watchers cannot help but notice how the stock market and money supply often track one another. But does liquidity in the financial sector matter more to stock prices than the economy? In this show, we discuss the liquidity theory of markets and whether it holds water. Also, we go very long the late Charlie Munger, former number two at Berkshire Hathaway.
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