aja8888
Moderator Emeritus
Wait until the FED starts tapering and raising interest rates like a bunch of Central banks are announcing now. All these overpriced and hyped stocks will fall from heaven.
https://wolfstreet.com/2021/09/09/the-process-of-ending-massive-money-printing-has-started/
https://wolfstreet.com/2021/09/09/the-process-of-ending-massive-money-printing-has-started/
The ECB has increased the assets on its balance sheet by a monstrous €154 billion ($181 billion) per month so far this year via an alphabet soup of programs, blowing by even the crazed money-printers at the Fed with their average rate of $123 billion a month. While there appears to be consensus at the Fed that “tapering” its asset purchases will begin this year and will be completed in the first half next year, with assets then remaining level, the ECB announced today that it will start tapering its asset purchases now.
And thereby it is way behind the Bank of Japan, the Bank of Canada, the Bank of England, the Reserve Bank of New Zealand, and the Reserve Bank of Australia. But ahead of the Fed.