Liquidity Squeeze
June 21st, 2006 by 
reality
Good summary of the liquidity withdrawal in process from Bloomberg.
“Excess liquidity leads to mispricing of risk,” says Nick Parsons, head of the macro research group at Commerzbank AG in London. “Repricing of risk involves deleveraging, and deleveraging is brutal and indiscriminate.”
Posted in Inflation & The Dollar, The Fed, Truth and Trivia | 