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Home>Macro View: Cheap Debt is Good News for Stocks

Macro View: Cheap Debt is Good News for Stocks

Perspectives Content Submission

Thu, 25 Oct 2012

The liquidity preference theory, originally described by John Maynard Keynes in his General Theory, suggests that interest rate levels are determined by the demand for money. During times of high uncertainty, individuals and businesses exhibit greater demand for liquid assets, primarily cash and ca

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