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.

https://twitter.com/OccupyWisdom/status/999070831882985472 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 …

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