For the Fed, the impossible QT
The Fed has started shrinking its balance sheet as part of its fight against elevated inflation.
SPACs (Special Purpose Acquisition Company) are companies created and listed on an exchange with the purpose of buying a growth company later.
One year ago, as the Covid-19 crisis had just begun, we wrote about its potential inflation implications from both a cyclical and a structural standpoint....
The robust global economic growth experienced in 2017 is expected to continue into 2018, albeit with some notable exceptions such as UK.