Spectre of liquidity crisis haunts markets again
Just when you thought it was safe to go back in the water, the fear is back. Banks are terrified that something nasty is lurking out there — they are demanding more yield when lending to each other and even getting paranoid about collateral that was previously seen as riskless. Central banks are once again having to pump money into the banking system. The horrors of 2007 are far from over.
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