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There's no shortage of easy money, there's shortage of confidence. Every single crisis the already wealthy become even more wealthy. Right now they're consolidating and derisking, wait a few years and the chips are on the table again.

Besides the wealthy, there's the army of believers putting in small money.

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“Easy money” as in it was dirt cheap to borrow money and the Fed had been doing QE since 2008. That ends now - at least for a while.

Risk assets look very different when you can borrow at 0.5% interest rate vs 3.5% interest rate.

Very much true, but that funny money didn't evaporate, there's just no appetite to put it in an asset like this, temporarily.

Isn't quantitative tightening doing just that? It's removing money supply

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