Cash Flow Finance Operations Real Estate 
Tom Spencer
MARCH 17, 2023
This idea has been echoed by some of the most influential figures in the business and finance world, including Professor Michael Porter, Michael Lewis, and Warren Buffett. These securities, which were backed by real-estate mortgages, were sold to investors as a safe investment.
MishTalk
JULY 11, 2014
This has been labelled the “second phase of global liquidity”, to differentiate it from the pre-crisis phase, which was largely centred on banks expanding their cross-border operations. Financing problems of non-financial corporations in EMEs can also feed into the banking system. Financial cycles differ from business cycles.
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