Business Services Industry
Liquidity dries out.
Australasian Business Intelligence, June, 2006
Byline: Gerry Van Wyngen
Jun 01, 2006 (BRW - ABIX via COMTEX) -- The recent fall in world stock markets appears to have come as a surprise to many market observers. However, the reasons for the fall are quite obvious. Just as the most recent sharemarket boom was the result of the various central banks around the world, like the Bank of Japan and the US Federal Reserve, providing the markets with large amounts of liquidity, their recent contraction of money supply is behind the recent decline. One of the expected outcomes of this return to more normal market conditions is that emerging markets are likely to attract more investor interest.
Publication Date: 1 June 2006
UNITED STATES. FEDERAL RESERVE BOARD
BANK OF JAPAN
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