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How markets will behave given central banks are still too tight

Summary:
The last update I gave you on the market in the aftermath of the ECB's policy statement was about central banks being too tight. The gist of my remarks was that CBs are all poised to tighten, if and when the data allow them to do so. This is certainly true with the ECB, which not only wants to end balance sheet expansion but wants to normalize rates under pressure from the Germans. But it's also true in Norway, in Canada and in the US as well.Adding volatilityThis is going to be difficult for ...

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The last update I gave you on the market in the aftermath of the ECB's policy statement was about central banks being too tight. The gist of my remarks was that CBs are all poised to tighten, if and when the data allow them to do so. This is certainly true with the ECB, which not only wants to end balance sheet expansion but wants to normalize rates under pressure from the Germans. But it's also true in Norway, in Canada and in the US as well.
Adding volatility
This is going to be difficult for ...

Edward Harrison
I am a former European credit markets and M&A guy who started out as a diplomat. — so I have some pretty diverse interests.

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