# Professor Kim Schoenholtz's blog post on liquidity is highlighted

1 Faculty News August 18, 2015 ![Bloomberg View logo](/sites/default/files/styles/246w/public/assets/images/bloombergview_0.jpg?itok=47DlvcFA)>

Excerpt from [Bloomberg View](http://www.bloombergview.com/articles/2015-08-18/crisis-fines-and-insider-trading-puzzles) -- "Here are Stephen Cecchetti and [Kermit Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz) on liquidity. Their analysis includes the sentence 'We can separate claims about a loss of bond market liquidity into two fairly distinct categories: those about U.S. Treasury bonds and those regarding corporate bonds,' so I like them already. I feel like 90 percent of what I read about bond market liquidity treats Treasuries and corporates interchangeably, and as far as I can tell those markets have opposite liquidity problems (too much decentralized trading of Treasuries, too little of corporates)."

[Read more](http://www.bloombergview.com/articles/2015-08-18/crisis-fines-and-insider-trading-puzzles)