Liquidity Squeeze or Not? from Bill Rafter

2017-11-17 · Mr. Theo
Original source

Today we had four people ask us about the likelihood of a current liquidity problem. Someone out there in Financial Journalist Land remembers the last line of the journalist in The Man Who Shot Liberty Valence: If the legend is more interesting than the truth, print the legend.

Here was our response (it's very short). As pictures and charts often do, these compel belief.

Mr. Theo writes:

Thanks Bill. I would also add that historically the flattening of steep yield has been the best environment for equities.