[lbo-talk] Goldman on Greenspan & the US c/a deficit

Doug Henwood dhenwood at panix.com
Tue Dec 6 19:39:14 PST 2005


Charles Brown wrote:


>First, deeper capital markets ...
>
>^^^^^^
>CB: What does it mean for a capital market to be deeper ?

Bigger, more liquidity (which Joan Robinson defined as the capacity to touch your money) - you can buy or sell in huge volume and have little or no impact on prices.

Doug



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