Relevant:
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- Is the Fed Getting Cold Feet about the QE Unwind?
- Buttonwood: The nationalisation of markets | The Economist
2017-04-09 — zerohedge.com
``The punchline: "It's no accident that this rise in return correlations between equity and credit occurred almost exactly at the time when the central banks effectively ‘took over' markets." While that worked as long as central banks were bidding everything up starting in 2009 (again, see top chart) now that said period is ending, the "unwind is underway":''
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