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Okay, these are all nice in how it effects financial markets, but I still don't understand how that effects society as a whole. How does liquidity (I'm still not sure what that even means, tbh) affect me, John Q. Citizen?
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Liquidity in the markets will affect you if you have a managed investement fund of any kind for retirement. Also If you have a business or work for a company that does any kind of overseas trade then currency rates and import/export prices will be affected by liquidity in the markets. Also banks need to be liquid in order to lend out money and offer mortgages, business loans etc.
I'm not best placed to explain all this though.
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My only issue with what you say above is that they seem to earn their money straight from the banks, but I can't knock them for having the ingenuity to do that. I'd be a hipocrite if I said I wouldn't do the same, if that were possible.
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Oh but it is - I think you've already had a go, very few people find success first time round and the market is an incredibly merciless and harsh teacher. The ones that make it are the ones that come back after getting their behinds handed to them.
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Nice summary, Pete. I won't argue with it.  |
Thanks - I don't have any inner conflicts over it any more either
