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`Liquidity Seizure' May Drag World Into Recession, Nomura's Schulte Says

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NOTHING A LITTLE ATIVAN CAN'T FIX
"A “liquidity seizure” arising from Europe’s worsening debt crisis could drag the global economy back into recession, according to Paul Schulte, head of multi- asset strategy in Asia excluding Japan at Nomura Holdings Ltd.," according to Bloomberg. “As Europe’s problems unwind, liquidity is going to seize up. As liquidity seizes up, multiples are going to contract,” Hong Kong-based Schulte told reporters in Singapore today. “Equities are not necessarily cheap.”
SOURCE:   Bloomberg

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