Why is the market obsessed with quantitative tightening?

Friday, 11 January 2019

Via Damien Boey as Credit Suisse:

In recent articles, we have talked about the tail risks from central bank balance sheet reduction globally.

Overnight, we have seen central bankers wax and wane in their positions:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.