Part 4/8:
In contrast, the current economic landscape presents a stark picture. Many of the "rings" are off, with quantitative tightening (QT)—the process of pulling liquidity from the markets—dominating. Yet, the investor remains hopeful, citing that he perceives underlying economic turmoil ahead. He argues that "economic pain" often motivates policymakers to activate liquidity measures, which can subsequently ignite bull markets.