230117 - Who's Tapering and Who's Not. I have to re-visit this. I am struggling to get 2 charts on the screen. Sorry for the dealy.
If the sell-off on Dow Jones, or the rally on Gold have anything to do with tapering the Central Banks' Balance sheets, they have a lot to talk about in Davos.
Notice the Difference between the M3 and Central Banks' Balances.
BOTH IS RELATIVE AND REAL TERMS.
Tapering is nigh impossible
