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The Timing of the "Liquidity Crisis"

By Franklin in Economics, Politics on September 28th, 2008

This “liquidity crisis” was patent back in September of 2007. We then discussed whether it was a real liquidity crisis or confidence crisis, but that was just an academic exercise. The point is that what happened last week and prompted the President’ “There is nothing to fear… Fear!!! Panic!!! Oh my god we all are [...]

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