This is the end of an era. Since the calming of the financial crisis, capital markets have been continuously accommodative monetary policy from at least one of the four major global central banks. But after eight years of a policy approach that has done little more than support anemic growth and stoke a status quo shattering populist revolution, the futile exercise of pumping endless streams of monetary liquidity into the global financial system is finally coming to an end. And it stands to wonder how asset prices that have been inflated beyond all recognition in the process respond once this extraordinary monetary support is finally stripped away.
Please click on the link to read more of my article on Seeking Alpha.