This striking graphic points to relative equity market performances of regular goods and luxury goods retailers. The sharp divergence in the aftermath of the inception of QE may constitute the largest wealth transfer in history.
Central banks have virtually taken over the bond market. At $1.6 trillion in 2013, central bank purchases account for more than half of all bond market transactions. It is no surprise that taper will have a large impact on the bond market.
Central banks have virtually taken over the bond market. At $1.6 trillion in 2013, central bank purchases account for more than half of all bond market transactions. It is no surprise that taper will have a large impact on the bond market.
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