0:29
Kosta Ouzas explains how markets need return liquidity the way travelers need return flights. He breaks down market efficiency through a three-pool framework and describes what happens when one pool stays untouched.
Kosta Ouzas explains how markets need return liquidity the way travelers need return flights. He breaks down market efficiency through a three-pool framework and describes what happens when one pool stays untouched.
You have pool one, pool two, pool three. It is more probable than not that this pool will remain untouched like this one was. So we'll have some type of untouched event, because you'll get that third level, because the way the markets, markets are very efficient, so they need return liquidity. It's kind of like you need your return flight, right? You go, you go on a trip, you need a. You need a return flight to come home, so it's going to need this liquidity to come back down.
