04 February 2016 The Liquidity Illusion What happens if everyone wants out?  by Frank O’Nomics On 24th August last year the Dow Jones index of US stocks experienced a so-called “flash-crash”, dropping around 1,100 points (roughly 7%) in the first five minutes of trading.  There are lots of theories as to what caused it, but… Continue reading Issue 39:2016 02 04: The liquidity illusion (Frank O’Nomics)