QQEW - Weekly Commentary: Bigger Mistakes

• One cannot overstate the critical role played by central banking, especially now that their policies so dictate market excess.
• It was recognized generations ago that the risk inherent in discretionary central banking was that one mistake would invariably lead to a series of Bigger Mistakes.
• After doubling its balance sheet in less than two years, the Fed is poised to add another Trillion over the coming year. Why? Are the risks not obvious?
• They won’t admit as much, but Beijing is determined to finally bring its unwieldy Bubbles under control.
• It’s fascinating to watch Beijing and the Fed attempt to manage their respective historic Bubbles.

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