Surly frustrated central bankers telling euphoric markets that the inflation fight is far from over.
LNG Glut in China, suddenly?
At first in baby steps, and then in big chunks. Remember the “pivot to QE” mongers at the time? What a hoot.
The ECB reacts to raging inflation, unloads a massive chunk of assets, hikes rates.
Complicated times for the dollar. The Chinese Renminbi, a distant also-ran, loses ground.
Monetary Rug-Pull? December dump in the markets anything to do with global QT?
Record supply of LNG from the US and other sources. Record supply from Norway via pipeline. Conservation, power production shift… It adds up.
ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.
The ECB’s horror show.
It still bought Tesla though, which is down by 52%. It took massive losses. And it’s got a bunch of Imploded Stocks.