Tuesday, January 11, 2011

Balance Sheeeeeiit! Fed's balance sheet explosion looks like Japans

Because, you know, Keynesian 'push on a string' stimulus worked so well there.  Come to think of it, it did politically, despite destroying the future, the establishment power elite have been able to cling to the top of the slippery power pole.  Because....(wait for it, wait for it) 'Fascist is as Fascist does'.

Fortunately our explosion is 'only' a trebling vs. Japan's six-fold explosion.

Doesn't bode very well for us, though.  Let's hope we don't have that Asian cultural 'superiority' that everyone keeps talking about.

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