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How Much ‘Extra’ Money Is Out There?
How much did "extra" liquidity matter for the rally in equities from the October lows? And how far d
If I read this right, something has to mop up some $15Tril in excess cash to keep consumption, etc. down. Wow!
Yeah, I’m not sure how literally to take this. Nikos uses what he affectionately calls “holistic” frameworks, which means he usually casts a pretty wide net. That’s definitely a good thing for folks like myself who like aggregates and a 30,000-foot view, but I don’t think it’s necessarily as germane from any “tactical” perspective, if you will.