Earthbag homes are exactly what they sound like -- bags filled with earthen materials stacked to make a house. They often look like big beehives when they're completed, but it's possible for them to take other forms as well.
The new name for this is âquantitative tightening,â or QT.â Rickardsâ, a long standing expert in central bank policy, believes that quantitative tightening will be a major factor in monetary policy over the weeks and months going forward.
In such a scenario, the US Dollar is likely to resume its advance against the major currencies amid firming yield expectations. Furthermore, Fed tightening fears have proven to be a potent catalyst for risk aversion since the beginning of the month.