QE Has Returned. And The Risk Parity Kraken Has Been Unleashed.
"Wholesale measures [are] streaming in every few minutes", Nomura's Charlie McElligott writes, describing the deluge of contingency plans (monetary, fiscal and regulatory) adopted and announced on Friday in the wake of Thursday's high drama across markets. Nearly everyone is in on the act now. The Norges Bank cut rates Friday, the Riksbank announced new liquidity measures, the BoJ continues to make new pledges, the PBOC delivered another RRR cut, the RBA injected cash, South Korea banned short-
One thought on “QE Has Returned. And The Risk Parity Kraken Has Been Unleashed.”
“Unleash the Kraken” sounds a bit like you’re saying it’s a bit early to be getting back into the pool. I tend to agree.