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The level of employment at which inflation does not accelerate the non-accelerating inflation rate of unemployment or NAIRU is susceptible to government policies. Vanishingly low inflation bordering on deflation also results in a "liquidity trap". The nominal interest rate cannot go below zero. But what matters are real inflation adjusted interest rates.
Surely, since, in liquid markets, there are always buyers the price should stabilize around an equilibrium point. It would seem that share prices incorporate expectations regarding the availability of willing and able buyers, i.e., of investors with sufficient liquidity.
Again, holding the body motionless, she moved only the arms, now with a slow and alluring rhythm, and again with incredible rapidity, showing to the full the flexibility and liquidity of the wrist movements for which she was later to be so famous.
"Neither could I stop thinking," said Robin. "I had dreams about seeing your eyes looking at me. They were blue like clear water in summer. They were always laughing. I always wanted them to look at me! They they are the same eyes now," in a little rush of words. Their blueness was on hers in the very deeps of their uplifted liquidity. "God! I'm glad!" his voice was on a hushed note.
Besides two small sketches, a waltz and a gavotte, and his own arrangements, for two and for four hands, of the Gaelic March in "Macbeth," Kelley has published only three piano pieces: opus 2, "The Flower Seekers," superb with grace, warm harmony, and May ecstasies; "Confluentia," whose threads of liquidity are eruditely, yet romantically, intertangled to represent the confluence of the Rhine and the Moselle; and "The Headless Horseman," a masterpiece of burlesque weirdness, representing the wild pursuit of Ichabod Crane and the final hurling of the awful head, a pumpkin, some say.
But vitality will not come at your beck; it is not a chemical product, at least in the same sense that water is; it is not in the same category as the wetness or liquidity of water. It is a name for a phenomenon the most remarkable phenomenon in nature.
Farmhouses and cottages were up to their middle in the yellow liquidity; haystacks looked like dull little islands; windows and doors gaped open, without faces; and interruption and flight were represented in the scene. It was brought home to me that the popula- tions rurales have many different ways of suffering, and my heart glowed with a grateful sense of cockney- ism.
The use of the compressed air in the dynamite guns, as demonstrated in the Cuban campaign, is a step in this direction. And, indeed, the use of compressed air in many commercial fields already competing with steam and electricity is a step towards the use of air still further compressed, and cooled, meantime, to a condition of liquidity.
A period of transition to good and equitable governance can be more stifling than any level of corruption and malfeasance. This is why economic activity drops sharply whenever institutions are reformed. II. Trust in other players III. Trust in market liquidity
But the question that was delicately side-stepped was: WHO is responsible for financial bubbles? Expansive monetary policies, well timed signals in the interest rates markets, liquidity injections, currency interventions, international salvage operations are all co-ordinated by central banks and by other central or international institutions.
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