22.10.2008 - Insight: Shattered illusions of liquidity
From FT: The substantial reserves of central banks and their acolytes, sovereign wealth funds, are frequently cited in support of the case for a large pool of “unleveraged” liquidity, that is “real” money. These funds, it is reckoned by some, sit ready to support asset values across the globe. In reality, the available pool of money may be more modest than assumed..... Full Article: Source