alephblog.com - 9/18/2009
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I have had a number of posts on liquidity over the past few years, in an attempt to explain an ill-understood phenomenon. Here is a sampling:
What is Liquidity? (one of my first posts)
What is Liquidity? (Part II)
The Five Pillars of Liquidity
Nonidentical Twins: Solvency and ...
Liquidity Then and Now
paul.kedrosky.com 10/30/2008 — Nice Bloomberg chart of how market liquidity has trended over recent years, with things currently remaining highly restrictive in historical terms: More here .
Liquidity
angrybear.blogspot.com 3/9/2009 — Robert Waldmann The word "liquidity" is slippery, since there is not a single solid agreed definition. "Liquidity" refers to different things each of which is very important. I have long been fighting the suspicion that confusion of the various ...
Is Liquidity Really Good for You?
nakedcapitalism.com 5/3/2009 —
One of the arguments apparently being made in Washington by those who oppose regulation of credit default swaps is that it would reduce liquidity and that of course would be a terrible thing. My impression is that no one has endeavored to put ...
Liquidity Crisis? Check
baselinescenario.com 5/19/2009 — Remember the days of talking about the TED spread and interbank lending? So over . And apparently Sheila Bair said “the liquidity crisis is over for good.”
One way to look at the decline in interbank lending rates is that interbank lending has become safe again – because ...
Revisiting the Solvency vs. Liquidity Dilemma
hf-implode.com 10/16/2009 — "What the government's efforts did was backstop the liquidity of these banks, but the liquidity issues were a symptom of the bank issues, not the cause of the bank issues. The cause of the problem was, and still is, insolvency. I went through this in detail, exactly one year ago when Lehman and ...
Does Volume Matter? Evaluating ETF Liquidity
etfmarketpro.com 10/11/2009 — An ETF does not require a certain amount of trading volume in order to be liquid. The underlying securities of the ETF determine its liquidity. Many within the industry do not grasp this reality and are missing out on a lot of quality ETFs.
Excess Liquidity Game Is Coming To An End
hf-implode.com 9/8/2009 — " In his daily notes, Rosie looks at what is sure to cause a few sleepless nights to all trend chasers who believe that the trillions in excess liquidity will be there to forever prop up artificially high stock prices. News flash - it won'"
Money, Liquidity, and Monetary Policy
aleablog.com 1/22/2009 — Paper by Tobias Adrian and Hyun Song Shin (FRBNY)
In a market-based financial system, banking and capital market developments are inseparable, and funding conditions are closely tied to fluctuations in the leverage of market-based financial ...
China and the liquidity trap
krugman.blogs.nytimes.com 5/21/2009 — I liked this David Leonhardt article about the China-US economic relationship. But I do have a problem with this passage:
The most obviously worrisome part of the situation today is that the Chinese could decide that they no longer want to buy ...
Friday links: valuing liquidity
abnormalreturns.com 9/19/2009 — The trading is easy right now, but the farther we get from obvious support levels, the greater the risk of a sharp correction . ( AlphaTrends )
How much more room does this rally have to run? ( Big Picture , Wall St. Cheat Sheet )
“ The ...