$20 Trillion Of New Central Bank Balance Sheet: Where Did All the Money Go?

One question keeps us up at night. Where did all that new money go? Accounting for US$20tn of central bank liquidity is by no means easy, but we have a hunch about where an outsized re-allocation of capital might have landed.

 

 

 

 

 

 

https://www.zerohedge.com/news/2019-04-28/20-trillion-later-where-did-all-money-go

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