Playback speed
undefinedx
Share post
Share post at current time
0:00
/
0:00
Preview
18

ARTIFICIAL SCARCITY AND MODERN MARKETS

Higher rates has not reduced liquidity as I expected - leading to artificial scarcity remaining a strong driver of appreciation.
18

One of the features of “modern” (read post GFC) markets is that volumes traded tend to be less even as markets rise. In the UK, mortgage approvals have collapsed back to close to GFC levels, after never really getting back to pre-GFC levels.

Listen to this episode with a 7-day free trial

Subscribe to Capital Flows and Asset Markets to listen to this post and get 7 days of free access to the full post archives.

Capital Flows and Asset Markets
Capital Flows and Asset Markets
Explaining how capital flows and asset markets work