US tax reform drains more dollars from global economy than Fed

Financial Times/Delphine Strauss/6-20-2018

“US companies repatriating profits drained more dollars from global markets in the first quarter of the year than did the Federal Reserve’s actions to shrink its balance sheet, according to data that suggests embattled emerging markets cannot simply blame the Fed for their plight.”

USAGOLD note:  Interesting factoid to blend into the general analysis. . . . . .

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