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Cheap money turns into liquidity trap

Abundance of cash has made it harder for investors to sell their financial assets without triggering wild price swings

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Investors used to thinking that vast quantities of cheap central bank money make financial assets a one-way bet have had a rude awakening in recent weeks, as that same conventional wisdom created frailties in the functioning of markets.

London

INVESTORS used to thinking that vast quantities of cheap central bank money make financial assets a one-way bet have had a rude awakening in recent weeks, as that same conventional wisdom created frailties in the functioning of markets.

The latest correction may look little