Long ago, we asked Ben to unwind. The first request was 2009. Then, 2012 seemed like a good time.
Then, we had the taper tantrum. Poor Ben, had to leave it to Janet. Who has only did little changes, so far.
BTW, 'Great Unwinding' is a headline in the WSJ for today (09/19/2017).
So, we are at some point in time that was anticipated long ago. Much ado about nothing?
Remarks: Modified: 09/19/2017