September 9, 2021
We’re Drowning in Liquidity… Are Risk Takers All Wet?
Liquidity, the abundance of money to borrow spend and invest, is the lifeblood of risk taking. Expressed in anatomical terms, interest rates and the Federal Reserve represent the circulatory system of the financial markets. When money is abundant and interest rates are low, risk-taking is rewarded as consumers borrow and spend, and businesses borrow and invest…