UST - Liquidity Risk: How Big Is It?
For a long time now, I have argued that one of the major factors impacting U.S. financial markets as well as world financial markets is the liquidity that exists with the global system.
This abundant liquidity has come about due to the way that central banks throughout the world, but especially in the United States, Europe, and Great Britain, responded to the financial turmoil surrounding the Great Recession of 2007-2009, and to the subsequent recovery period in which these central banks produced monetary policies that erred on the side of too much monetary ease so