"Moral hazard" was minimal at most, temporary and did little to change landscape.
Causation of single day market moves are not hard to prove. You can line the info publication up with the moves in, you know, real time.
The idea that 5 years of QE "suddenly" tanks a market 15 minutes after China announces retalitory tariffs list is just stupid, end stop. You can dance on the head of all the pins you want, but it doesn't make that claim fit for anyone but a pin-head.
But here, how's about looking at some, you know, data...
https://www.bloomberg.com/news/arti...-are-reacting-to-u-s-china-trade-tariff-plans
The only reason Izzy posts that QE meme is to see the reactions.
On second thought, he might actually be dumb enough to believe it.