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Like conspicuous consumption, liquidity needs a theater.
Two have been selling assets to meet liquidity needs.
Investors trade off their liquidity needs against the high returns on illiquid investments.
It's impossible to predict liquidity needs perfectly, but modeling helps avoid crises".
Such a move would have been intended to meet MF Global's liquidity needs.
A spokeswoman for Williams said the company had reduced its liquidity needs.
"The shares were sold to meet liquidity needs, and those have been met with the sale of these shares".
Last year the market was short of dollars because investors needed the American currency to meet their liquidity needs.
Second, some actual sales (e.g., due to sudden liquidity needs) may have been unpredictable by the CEO.
Sometimes the company itself will repurchase shares to satisfy shareholder liquidity needs while remaining a privately held entity.
Moreover, these liquidity needs often exceed the amounts allowed for payday loans under state laws (where permitted at all).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com