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Le capital est contraint de rechercher le rendement le plus élevé de la même manière que deux entreprises rivalisent pour vendre le même produit.
17 juin 2025
Macro liquidity is defined by the quantity of money in the system and the level of interest rates. As it interacts with growth and inflation, it determines the return profile for every asset. When liquidity expands, capital is mechanically pushed out the risk curve—because in a world of abundant money, capital is forced to chase the highest return.
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