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Audio – NYSE’s Thain warns liquidity boom’s days could be numbered
NYSE Euronext CEO John Thain warns that the ample supply of liquidity which is driving the private equity takeover boom won’t be there forever. “Things go in cycles…that’s probably not going to continue forever,” he told the Reuters Exchanges and Trading Summit when asked about the huge supply of capital at low interest rates and credit spreads. He also warned that he saw the greatest risk of a sudden threat to liquidity since the summer of 1997.