The first level is the liquidity in the macro economy, which refers to the amount of money in the economic system, that is, whether there is more or less money in the economic system.
The second level is the liquidity in the stock market, which refers to the amount of funds involved in market transactions.
Under the condition of constant stock supply, if there are many trading funds and active transactions in the market, the stock price may rise due to the influence of supply and demand, even if the company's profit remains unchanged. For example, the turnover of the market has exceeded one trillion some time ago, which means that the liquidity of the stock market is more active.
The third level of liquidity refers to specific products.
Usually, when investing in a specific product, the three main factors to be considered are risk, return and liquidity. The liquidity mentioned here is how quickly cash can be recovered.
For example, money funds are highly liquid, often redeemed on the same day, and can be received the next day, and even small amounts can be received in real time on the direct selling platform; The liquidity of the house is relatively low, which requires a long transaction cycle.
If the expanded data is not mobile enough, it will have a great negative impact on our personal investment and the whole economy.
For example, if the macro liquidity of the market is tight, banks don't lend, enterprises can't get money, and it is difficult to have capital turnover operation, then it is difficult for enterprises not only to expand their operations, but even cash flow may break.
However, the business difficulties of enterprises first affect the employment situation and the income of ordinary employees. It must be said that people are even more reluctant to spend money, and residents' consumption power declines and consumption shrinks, which in turn will affect the profits of enterprises and form a negative cycle.
Similarly, the liquidity of the stock market is also very important. Generally speaking, if there is sufficient liquidity, the stock market will be more active and the stock price will have more upward momentum; On the contrary, if liquidity is insufficient, it will lead to many problems and may even lead to a stock market crash. For example, 20 15, a large number of stocks cannot be traded because of the opening limit, so even if some investors are willing to sell at a low price, but the liquidity is poor, no buyers will be willing to buy.
It can be said that liquidity is like a normal body temperature of 37 degrees, and its value is usually not felt, but once it changes, it may cause more serious trouble.