Defining Liquidity
It's just a euphemism for “animal spirits”
Highlights
Liquidity is just a euphemism for “animal spirits”
Frugal consumers spark fast food price wars
Half of the U.S. economy is already in recession
High public debt poses a constraint on the economy and interest rates
Keep reading with a 7-day free trial
Subscribe to Early Morning with Dave to keep reading this post and get 7 days of free access to the full post archives.