If asset prices inflated with QE, why wouldn't asset prices deflate with QT? As long as the Federal Reserve continues to mop up liquidity through quantitative tightening, asset prices are probably going to continue to deflate. Invest accordingly.If asset prices inflated with QE, why wouldn't asset prices deflate with QT? As long as the Federal Reserve continues to mop up liquidity through quantitative tightening, asset prices are probably going to continue to deflate. Invest accordingly. With Quantitative Tightening, Asset Price Deflation Has Arrived. Time To Sell?