Investors fear that the unwinding of QE is causing market turbulence

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The Fed wanted its balance-sheet policy to be dull. It is anything but

 

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Its balance sheet shall forever grow unless they fix the growing global debt levels.

Couldn't care less what happens to the stock market. Dump the balance sheet.

The world is hooked on low interest rates. So was Japan in the late eighties. The real estate and stock market bubbles were fueled by low interest rates. Then the BOJ raised rates because the bubbles were destroying Japan and it's culture. 30 yrs later, still no real recovery

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