- Wealth PMS
Much as we see the absolute carnage in markets, we tend to blame it on the sinister impact of the virus. But there seems to be something else happening, something that it triggered, that might change the way you look at it. There's been a massive worldwide liquidity crisis, and that has taken down nearly every single type of market in the world.
It started with the impact of the virus. An article from Bloomberg mentions a saying, "Liquidity is a coward, it disappears . . .