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Not even close. QT isnt what people think. Actually, the central banks isnt.

Then can u please elaborate on QT

How can easing take place when an asset that can be collateralized (bonds or MBS) be swapped for one that cannnot (central bank reserves)?

The reverse is true. If the securities are swapped for bank reserves and put on the market, that adds liquidity.

Like most things, central bank actions are not what people think. The entity doesnt do money.

Few days to the halving time, I think it's gonna be great