Solvent Market

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I don't get the meaning of "solvent markets" in the following paragraph. Can anyone help?

One is the extension of solvent markets, which has increased both the pool of rewards and the competition for “star talent”. A small business elite has been catapulted upwards, surfing on the soaring stock markets that were sustained by the lifting of controls on capital movements in the l980s and the expansion of transnational investment, and profiting from the emergence of a global executive and professional market. A similar phenomenon has occurred in sports and entertainment (something that is increasingly discussed in apologetics for inequality); commercial television and satellite broadcasting have transformed the economics of sports and entertainment in general, while hugely expanded audiences widen the visibility and attraction of stars, augment the remuneration pool and increase profits. Entertainment capitalism and stardom symbiotically feed off each other.

Source: https://www.eurozine.com/the-killing-fields-of-inequality/

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@Amirhossein,

If something is solvent it’s easily converted to cash.

Buying and selling shares was a lot trickier in the past, one needed a stockbroker for example. It meant that there was always a delay between buying and selling.

Now it’s a lot simpler, quicker and easier and therefore more solvent.

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@izzythepush,

That's it. Thanks a lot.

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@Amirhossein,

Glad to help.

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There goes the meaning of liquidity down the drain.

Solvent is when assets exceed liabilities.

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@ascribbler,

Solvent does not have that meaning in the phrase solvent markets. Words can have more than one meaning depending on context.

I know you think you’re frightfully clever, but you’re being snide and unhelpful. Someone comes on here for help, not to talk to some pompous, self aggrandising, egotistical maniac who likes muddying the waters.

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@izzythepush,

The writer incorrectly used the word solvent when he should have used the term liquid.

Impugning and maligning doesn't change the result.

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@ascribbler,

The OP was asking what someone meant by the term solvent market. My response helped, yours didn’t.

Solvent Market

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