The next time the Fed claims that #NotQE balance sheet expansions are just like "normal" balance sheet activity prior to the GFC, remind them of this:
It took 95 years for them to add $900B to their balance sheet (1913-2008) and yet only four months to add another $400B more.
— Brad Huston (@BradHuston) January 11, 2020
Global Central Bank Put in one Chart: Central Banks around the world have pumped tons of liquidity into the markets to kill volatility. The People’s Bank of China has expanded its balance sheet the most in the past 15yrs. pic.twitter.com/8qbXKDzyrr
— Holger Zschaepitz (@Schuldensuehner) January 11, 2020
This is what 20 years of asset bubbles has produced, a clown show in business media t.co/rZrsbGLyay
— M/I_Investments (@MI_Investments) January 12, 2020