Currency changes are now in place
Re-Post from Power Line from Steven Hayward — with my comments.
Further to yesterday’s note on “Behind the Levitation” about the Federal Reserve’s easy money policy, Ron Greiss of The Chart Store kindly sent along these four graphs that display the astronomical expansion of the Fed’s balance sheet in the aftermath of the crash of 2008. These make for sober viewing indeed. Hard to see how this ends well. Click on Charts to enlarge.
If the current move away from the US Dollar as the only reserve currency gains steam this bubble will explode even if the FED continues to tapper off; the damage has already been done and can’t be undone.
Ron Greiss notes that correlation does not equal causation, but still:
Centinel2012 