QT is the equivalent to 4 fractional interestrate hikes and liquidity destruction. As inflation really picks up, QE will not be a viable option. The equity markets could be sacrificed.

h/t OccupyWisdom

Even Emerging-Markets Bull Mark Mobius Sees More Pain Ahead

  • That’s creating fertile ground for stock pickers, he says
  • India, China offer ‘incredible opportunities’, Mobius says


Euro Zone Economy Slowdown Sharper Than Expected in May

Euro zone economic growth slowed much more sharply than expected this month, a business survey showed, which along with weaker inflation suggests a stiffer policy challenge for the European Central Bank ahead.