Central Banks Have Made Markets So Fragile, Liquidity Premiums Are Now Negative
• https://www.zerohedge.com, Tyler DurdenBack in late December, when the market was melting up every single day with zero regard for economic data or newsflow, we pointed out something ominous: the world's most liquid stock market, the S&P500, was now as (il)liquid as it was during the 2008