B-Dud's Bogus Bromide About QT-----It's Not "Paint Drying" And It's Not Priced-In

While this is a true statement, what Bill forgot to mention was that Global Central banks had stepped in to flood the system with liquidity. As you can see in the chart below, while the Fed had stopped expanding their balance sheet, everyone else went into over-drive.

 

https://www.zerohedge.com/news/2019-02-11/should-we-really-not-worry-about-feds-balance-sheet

 

 

 

 

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