Money Stuff
People are worried about bond market liquidity.
I missed it yesterday, but here is a Wall Street Journal op-ed by Stephen Schwarzman titled "How the Next Financial Crisis Will Happen," and, spoiler, it’s bond market liquidity. And here is Josh Brown arguing that "if enough people believe there could be a liquidity crisis, then there will be a liquidity crisis ," which I think is interestingly wrong. Brown means that if […]
