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“QT” Means Money is ALREADY Getting Tighter

FYI FWIW

Forget the Fed’s QE. “QT” Means Money is ALREADY Getting Tighter
Mike Larson | Wednesday, September 2, 2015 at 4:20 pm
http://www.moneyandmarkets.com/forget-the-feds-qe-qt-means-money-is-already-getting-tighter-73145?t=ezine

But guess what? Money is ALREADY getting tighter around the world, Fed or no Fed.

You now, can see it in the rising junk bond spreads I told you about a couple weeks ago. You can see it in the collapse of the carry trade index I highlighted a few days ago. And according to fresh research from Deutsche Bank, things are only getting worse – with “Quantitative Tightening” (QT) rapidly replacing “Quantitative Easing” (QE).

My take: More QT means less “funny money” floating around to inflate global asset prices.

We’re going to see upward pressure on Treasury bond yields.