Tightening Again? High Odds This Bear Market Will Last Well Into 2019. 90% probability in 2019

via @crossbordercap:

Tightening Again … Alas
Latest data show major #CentralBanks’ aggregate balance sheet shrinking 1.3% in US$ terms .US$, policy liquidity shrank by a whopping 5.4% , mostly due to #Fed but also by #ECB and #BOJ #BOE info..act@liquidity.com



Even After IMF Downgrade of Global Economy, Data Suggest Things Are Getting Worse Still

“We know that rising trade barriers are ultimately self-defeating for all involved,” IMF chief Christine Lagarde said. “Thus, it is imperative that all countries steer clear of new trade barriers, while reversing recent tariffs.”