On to future financial stability While credit risk is going up, the most concerning financial stability risk IMO pertains to liquidity. More investors are migrating to inherently less liquid securities and markets in search of higher returns (while adding to credit risk). Few remember one of the key messages from the financial turmoil of last March – that is, market-provided liquidity can even become unavailable for US government bonds. #markets #investing #economy #bonds #centralbanks #currency #fed #federalreserve #volatility #stocks #equities #monetarypolicy #investors …see more