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Disappearing Liquidity: Let's Don't Wait Til the Water Runs Dry

Aug 15, 2006 by
Ted Seides

Published in Peter L. Bernstein's Economics & Portfolio Strategy, August 15, 2006

Two years before the financial crisis, Ted warns of excessive liquidity in the markets and suggests a prescription to protect capital against an eventual change in regime. Those following the recipe may have substantially protected capital when the financial crisis took hold.

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