LIQUIDITY TALK. THE GLOBAL LIQUIDITY BOOM: "THE" BUSINESS STORY OF THE YEAR!
[Latest Global Dollar Liquidity Measure: +14.16% annual growth rate; latest Endogenous Liquidity Index: +13.14%]
According to Forbes' Rich Karlgaard, "The bottomless pool of liquidity around the world is the business story of 2007. It drives everything. Low borrowing rates. High stock prices. Buybacks. Hedge fund growth. The private equity boom". The business story of the year! You bet! That's why I write the Global Liquidity Blog! While "always bullish", Rich has some doubts about the sustainability of the liquidity boom. He therefore asks readers to comment on two views.
The not-so-bullish case is presented by Alan Ruskin, chief international strategist at RBS Greenwich Capital. The decidedly bullish case is penned by Marc Chandler of Brown Brothers Harriman and by Jim Glassman of JP Morgan. (For the record, I strongly favor the bullish view— but I'll keep an eye on the Global Dollar Liquidity Measure and on the Endogenous Liquidity Index).
1 comment:
Hi all
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