Through all of this, governments have strengthened bank regulation only slightly, leaving key issues like liquidity creation, exposure to derivatives, and tax avoidance largely unaddressed. Today, 98% of the $750 trillion in global liquidity is in speculative markets.
做完了所有这些，政府并没有将银行监管强度提高多少，流动性创造、衍生品风险暴露和避税等关键问题大多没有解决。如今，全球流动性总量为750万亿美元，其中98%位于投机市场。与所有泡沫一样，这个泡沫也注定要破灭。