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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>"Summer" Rerun: Is Liquidity All That It's Cracked Up to Be? | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="rfdk5ibfAD"&gt;&lt;a href="https://www.nakedcapitalism.com/2010/10/summer-rerun-is-liquidity-all-that-its-cracked-up-to-be.html"&gt;&#x201C;Summer&#x201D; Rerun: Is Liquidity All That It&#x2019;s Cracked Up to Be?&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2010/10/summer-rerun-is-liquidity-all-that-its-cracked-up-to-be.html/embed#?secret=rfdk5ibfAD" width="600" height="338" title="&#x201C;&#x201C;Summer&#x201D; Rerun: Is Liquidity All That It&#x2019;s Cracked Up to Be?&#x201D; &#x2014; naked capitalism" data-secret="rfdk5ibfAD" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>This post first appeared on May 6, 2008 Steve Waldman at Interfludity did me the high compliment of picking up on an issue that is important to me and running with it: Yves Smith packs a powerful insight into an unassuming sentence: Liquidity is not a virtue in and of itself unless it produces a [&hellip;]</description></oembed>

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