Do you believe the Fed is going to be able to continue to reduce the balance sheet for the next few years?
It’s quite refreshing to open the news and see central bankers finally acknowledge what you’ve been saying for years. It doesn’t take a genius however, to figure that stocks have risen because of central bank intervention, therefore they would come down if the Fed reduced its balance sheet. It’s a no-brainer. Hang on to your 7 shares of Amazon, it’s going to be a bumpy ride.
Emerging Market Central Bankers Say Fed Must Be Mindful of Rout – Bloomberg
Urjit Patel: U.S. Fed Must Go Slow With Balance Sheet Unwind, RBI Governor Urjit Patel Writes In Financial Times – Bloomberg Quint
Euro hits 2-week high against dollar as ECB indicates readiness to talk QE-unwind timing – MarketWatch
TCMB – Press Release on Interest Rates (2018-23)
David Stockman predicts 50% stock market plunge
Venezuela central bank pays Citi $172 million to recover swapped gold: sources | Reuters
Amazon Considers Offering Home Insurance — The Information