Yes easing has been tapering off, but the balance sheet reductions are a whole other beast that only started in ~November and only from the Fed. Once the ECB st

Yes easing has been tapering off, but the balance sheet reductions are a whole other beast that only started in ~November and only from the Fed. Once the ECB starts, and potentially the JCB (although I think they've changed direction now), there will actively be a drain on the world's economy instead of the artificial faucet. Don't quote me though, I'm several months out of date on following it super closely.