The New Dark Age

The US Federal Reserve launched Quantitative Easing (QE) after the 2008 Crash. Beginning this September, it has launched a new round of QE that dares not speak its name. This facility mimics the scale of QE1 at an annualised $1.2 trillion, but has been initiated before the next Crash. Despite this injection, liquidity issues in the short term money markets keep building, and will reach a crescendo towards the year end, when the banks traditionally balance their books.

the-fed-santa-pdf.pdf

Spreadsheet: table-1.14-annual-1955-2018