The chart of the week is courtesy Charles Hugh Smith and shows the current balance sheet of the FED. The current balance sheet show a total asset base exceeding 4.5 Trillion dollars thanks to a series of quantitative easing (QE). This is up from the 1.0 Trillion mark in 2008 when the FED flooded the world with cheap money via its unconventional monetary policy. Wonder how long this continues?
China Market Update: Mainland Sees Massive Buying, Hong Kong Growth Flies,
Week In Review
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Asian equities were mixed overnight, as Hong Kong, Mainland China, Taiwan,
and South Korea outperformed, gaining more than +1%. Meanwhile, Australia,
Indon...
10 minutes ago