The “Great Accumulation” Is Over: The Biggest Risk Facing The World’s Central Banks Has Arrived

Tuesday, September 1, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
09/01/2015

“The current secular shift in reserve manager behavior represents the equivalent to Quantitative Tightening, or QT. This force is likely to be a persistent headwind towards developed market central banks’ exit from unconventional policy in coming years, representing an additional source of uncertainty in the global economy. The path to “normalization” will likely remain slow and fraught with difficulty.”

The Rest…HERE

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