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The European Central Bank Goes On The Offensive | Daniel Neilson (LIVE)
Forward Guidance
Is Liquidity a Static Characteristic of an Asset Class?
In a world where central banks don't exist to sort of you know make money in treasury securities. There's much more distrust Of government debt as well and also there's some sort of I don't know You know service or maybe it's on the blockchain like people are like buying and selling housing. In that world housing would be more More liquid than treasuries now obviously there are some characteristics about, some are things more liquid than others But you're saying that the the characteristic of liquidity can change and that the view that liquidity is Sort of an un-eternal Static characteristic of an asset class was wrong. And so the fact that that's wrong like why is that such a why what
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