Before QE started in the US (end-2007), the Fed, ECB, and BoJ balance sheets stood at 6%, 16% and 22% of their respective GDP. By the end of 2016, on our projections, those numbers will stand at 25%,
Before QE started in the US (end-2007), the Fed, ECB, and BoJ balance sheets stood at 6%, 16% and 22% of their respective GDP. By the end of 2016, on our projections, those numbers will stand at 25%, 28% and 86 respectively.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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