Features & Benefits
- Economic cycles are driven by financial flows, namely quantities of savings and credits.
- Global Liquidity is a $130 trillion pool of footloose cash that drives financial markets.
- It is often determinant, frequently disruptive and always fast-moving.
- Wall Street’s huge gains over recent decades have been propelled by rising liquidity and investors’ appetite for riskier financial assets.
- International spill-overs of these rapacious cross-border flows sets off capital wars and exposes the unattractive face of liquidity called ‘risk.’
- The book deeply explores the subject of global liquidity and shows its importance for investors.