>As a reminder, whether endogenous or exogenous, liquidity has to be created somehow - either though loan creation by commercial banks, or reserve creation by central banks - for growth to persist and to keep asset prices elevated. The moment the process slows down, halts or reverts, is when "equilibrium phase shifts", i.e., recessions, depressions, or market crashes occur
The day of happening is soon upon us my blackpilled friends. The easy credit/heroin binge is about to coming to an end.
http://www.zerohedge.com/news/2017-06-17/next-leg-clearly-lower-global-excess-liquidity-collapses