Monetary insanity and central bank race to zero continue.
The Federal Reserve balance sheet has exploded to 33% of GDP. However, it is massively lower than ECB (53.9%) or BOJ (102%) Monetary insanity and central bank race to zero continue. pic.twitter.com/h25TEn06l1 — Daniel Lacalle (@dlacalle_IA) August 25, 2020 And why would the Fed let the banks buy stocks with RESERVES, since QE is nothing … Read more