quantitative tightening Archives - Ardea Investment Management

15 September 2018

A virtuous circle to a vicious cycle in emerging markets

What does the yield on a 3 month US T Bill have to do with the price of a holiday in Argentina? Plenty, if you follow the chain of events that have driven capital flows since the 2008 financial crisis.

17 May 2018

Early Warning Indicators

Continuing the theme of tightening liquidity, Italian govt. bond markets are noteworthy as an early warning indicator.

15 April 2018

QE winners become QT losers

We’ve noted previously that the transition from Quantitative Easing (QE) to Quantitative Tightening (QT) is one of the two important paradigm shifts currently taking place in markets.

20 March 2018

Is It Really That Simple?

It’s our view that there is a paradigm shift currently taking place.

15 December 2017

The Music May Still Be Playing But The Bar Tab Is Running Out

In July 2007, then Citigroup CEO Chuck Prince infamously said “…as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”, and the rest is history.

15 September 2017

The FED Goes From QE To QT

The FED has announced its much anticipated plan to start gradually shrinking its balance sheet.