In spite of the Fed’s incessant jawboning about a mythical pending “tightening,” QT is mostly talk, not action, as the fraudsters at the Fed are terrified of imploding their asset bubbles & Ponzi markets
Central banks have not been able to reduce their balance sheet after a QE. Even Fed was very hesitant in the second half of 2010s. They “don’t know” the impact they say but I suspect they fear too much market …
