How liquidity moves: John Exeter's pyramid

When people have confidence in the economy and in general, liquidity moves up the pyramid,  when crisis hit, and especially when people loses confidence, liquidity moves down the pyramid, and I suppose the severity of the crisis will determine how far down the pyramid system liquidity will travel down to. In my view the current debt crisis is terminal in nature, and liquidity's final trip to the bottom will continue.  

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So I beat you by one second, sorry about that,,hehe -hercules007- 給 hercules007 發送悄悄話 hercules007 的博客首頁 (0 bytes) () 04/23/2012 postreply 16:14:35

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