I want to warn everyone - this is a highly speculative and mostly argumentative/descriptive post series. I have no idea yet if it is right, and it will likely change as I think about this more thoroughly, and create a series of testable predictions and a more formal mathematical notation to describe it. That said - enjoy.
Liquidity and Fundamentals (Part 2)
Liquidity and Fundamentals (Part 2)
Liquidity and Fundamentals (Part 2)
I want to warn everyone - this is a highly speculative and mostly argumentative/descriptive post series. I have no idea yet if it is right, and it will likely change as I think about this more thoroughly, and create a series of testable predictions and a more formal mathematical notation to describe it. That said - enjoy.