The Chinese central bank injected $92bn USD into the market on Friday!
This easily outpaces the Fed’s current QT.
Global M2 has already set a new all time high this year.
https://nostr.build/i/no...
I guess the new axiom should be don’t fight the Fed unless your the pboc.
With consumer credit use so high it feels like something going to break soon.
With consumer credit use so high it feels like something going to break soon.