It looks like 10 years of central banking liquidity infusions that make their portfolios as bloated as they’ve ever been aren’t enough for the greediest of them all, those that made money off of wars, opium and enslavement, among other illegal ventures.
After pumping over $10T dollars in credit into the global economy, central banks have been pulling the rug from under leveraged nations, corporations, and individuals for three years.
The stage is truly set. We see all the right milestones met and all the necessary preliminary signals getting checked-off.
Not one media outlet has focused on some truly disturbing words, uttered by FED Chairman, Jerome Powell, but he has made some comments, which have put into question the sanity of the central bankers at this stage of the cycle.
So much hangs in the balance right now. The concluding trading week of October 2018 could encapsulate, within its five sessions, the answer to the question: Has the business world recovered from 2008 in a manner that justifies global QT (Quantitative Tightening) or not?