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Contagion: Chain Reactions and the CoCo Powder Keg

Many Happy Returns

CHAPTER

Common Creditors - Is There a Liquidity Crisis?

If liquidity is low, it's going to massively amplify any of these crises. Liquidity gets lower and lower as interest rates get higher and higher, right? Yeah. And I think this is a worry right now,. What we're going to discover is where the lack of liquidity is right now.

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