End of easy-cash era is going to hurt

Published by
Reuters UK

LONDON (Reuters) – The end of the easy-cash era is over and its impact yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high inflation has passed. U.S. and UK central banks are unwinding stimulus further by offloading bonds they hold, and the European Central Bank will join them soon. Nomura estimates the balance sheets of the three banks will shrink by $3 trillion this year. Graphic: Bloated central bank balance sheets start to shrink https://www.reuters.com/graphics/GLOBAL-MARKETS/znpnbkeaypl/chart.png Tech stocks and crypto currencies look vulnerable. They…

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