One comment on “Happy New Year, S3 style!

  1. Just to put things into perspective while I can still remember it given the alcohol still lingering after last night’s party:

    0: The second chart uses stacked values, if anyone is wondering.
    1: The Closing Aggregate Balance has increased by over 60% in two and a half months!
    2: That corresponds to over 10% of the total monetary base!

    I guess Bernanke has been keeping (people in Hong Kong) busy…

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