Kevin Warsh Fed Chair Speculation Triggers $6 Trillion Market Crash Amid QE Concerns

TLDR: Kevin Warsh’s Fed Chair probability surge yesterday triggered immediate sell-off across global markets.  Former Fed governor criticized QE as reverse Robin Hood policy benefiting markets over real economy growth.  Markets fear combination of rate cuts with balance sheet reduction instead of traditional liquidity expansion.  $6 trillion erased in 60 minutes spanning gold, equities, and [...]

The post Kevin Warsh Fed Chair Speculation Triggers $6 Trillion Market Crash Amid QE Concerns appeared first on Blockonomi.