Bank of America: This Chart Shows ‘Deteriorating Liquidity’ Is at the Heart of Market Carnage
Posted on by Granite Hall PartnersEver since the Federal Reserve began to withdraw monetary stimulus, liquidity has steadily been drying up. Therein lies the crux of the broader stress in financial markets, according to Bank of America Merrill Lynch, which have seen violent selloffs occur following the surprise revaluations of currencies in Switzerland and China, as well as Japan’s introduction of negative interest […]