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Quantitative Tightening Will Destroy $1.1 Trillion Over the Next 12 Months
When the Fed is creating a lot of money and injecting it into the financial markets, then asset prices tend to go up. And also interest rates are zero, that makes it very easy for people to borrow and speculate which pushes up asset prices. Quantitative tightening at the rate of $95 billion a month is going to destroy $1.1 trillion over the next 12 months if it actually is not stopped before then. That represents about 13% of all the dollars.