Financial Times/Katie Martin and Colby Smith/7-9-2022
“The bludgeoning came from several directions — first the rapid ascent of interest rates and then rising fears of a recession in the US. But some investors say another factor was also at play: the world’s most powerful central bank has yanked away its safety net.”
USAGOLD note: An in-depth examination of quantitative tightening and the many challenges it raises for financial markets – particularly in terms of credit market liquidity. …… Highly recommended.
