Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (7750)	6/11/2004 9:44:57 AM
From: russwinter	of 116555

<there is not enough liquidity in the system.> The June 1 issue of Contrary Investor entitled "Cadillac Desert" went into this. It's too long and detailed to just post here, but I'll paraphrase. Essentially, there isn't enough liquidity in the system to juggle all the inflated assets and bubbles out there. Even worse (or better depending on your perspective), the real economy now has tremendous needs for the liquidity that is available. So there is stiff competition between REAL economic activity and investment demand for funds in PAPER financial markets. CI says, "the changing course of liquidity streams has the power to lay waste to once fertile investment classes."

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