Sunday, December 30, 2007

Liquidity Is the Key to Financial Solution

From the Tennessean (12/27/07), by Albert E. DePrince, Jr.: "Liquidity is the financial oil that keeps a modern economy running smoothly.... Today, the subprime mortgage crisis has drained much of the liquidity from the global financial engine, thus threatening the world's ability to sustain growth. Central bankers now face the daunting task of plugging the leak and restoring liquidity."