,
3 tweets,
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"It's possible for liquidity to take prices very quickly to places no one could have ever imagined"
John H Burbank III on @realvision
(1997-8, a near 90% decline in emerging markets in a year in dollar terms, financial markets are not as smart as most think)
John H Burbank III on @realvision
(1997-8, a near 90% decline in emerging markets in a year in dollar terms, financial markets are not as smart as most think)
Burbank on Tech 2000, Financials 2007
"In markets, price is really just a balancing of liquidity, it's NOT the proper discounting of the future. The question is, where is liquidity now, RELATIVE to where it's going to be."
(so important, the deception of price)
(2)
"In markets, price is really just a balancing of liquidity, it's NOT the proper discounting of the future. The question is, where is liquidity now, RELATIVE to where it's going to be."
(so important, the deception of price)
(2)
This is playing out now. John H Burbank III was spot on.
