Holiday trading lull flashes red for financiers

Financial Times/Gillian Tett/7-5-2018

“Instead the big issue in summer is that the ability to buy and sell assets — or the level of ‘liquidity’ — typically declines during the holiday lull. That can cause asset prices to go haywire if a nasty surprise hits. Just think of what happened in August 2007 or August 1997.”

USAGOLD note:  Tett goes on to dissect Bank for International Settlements’ warnings as published in what she call a “sobering economic report.”

 

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