Just a gentle reminder... the QE is still going on, folks...
As of mid-March, total assets on BOJ, ECB, PBOC and Fed balancesheets have amounted to USD 20.6 trillion, excluding PBOC - USD 14.9 trillion. In Q4 2017 terms (the latest comparable data for GDP), US Fed's assets holdings amounted to 22.4% of GDP of the country, ECB's to 38.9% and BOJ's to 94.5%. In three largest advanced economies in the world, the Central Banks' created liquidity (printing money for Governments) remains the only game in town, when it comes to sustaining both, asset prices and fiscal profligacy.
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