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Liquidity and the Illusion of Certainty

November 13, 2025 by David Thomas

Every market story eventually returns to the same source: liquidity.

When it expands, confidence follows.

When it contracts, conviction disappears.

But liquidity itself isn’t emotional, we are.

It’s the invisible current that moves capital, sentiment, and policy in quiet cycles.

The trick isn’t to predict the flow, it’s to respect it.

Filed Under: Reflections Tagged With: liquidity, macro, markets, psychology

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