The Big 3’s Exit Plan In 1 “Easy” Flowchart

For obvious reasons, market participants are becoming increasingly concerned about what central bank policy normalization will mean for risk assets and whether, once the liquidity high tide begins to recede, volatility will finally make its triumphant return, upsetting all manner of applecarts in the process. The road to hell is paved with good intentions (as they say) and so far, central banks have been loath to follow through on hawkish leans, and that reluctance is inflating bubbles-a-plenty