To day or not today # 75: Lessons learned - illiquidity and fixed income investments. If savings are obtained on a large scale, there is a liquidity crisis. In 2008, when Lehman Brothers went bankrupt, the world economy is facing a crisis of unprecedented proportions. Not only was confidence in banks away. The trust in some institutions that were closely intertwined with the banking sector - the shadow banks - melted like snow in the sun. Structures and products proved to be so, it was not possible to determine the complex risks and to determine who is responsible was.
Source: VBA Journaal, cover autumn 2013