The Financial Times has an interesting set of Quantitative Easing Graphs depicting central bank assets as well as assets as a percent of GDP, by country.

Here is one graph from the article.

By that comparison, the Fed has room to grow, and grow it will, whether it makes any sense or not (which of course it doesn’t). Japan offers proof of the silliness of QE. So does common sense.

Mike “Mish” Shedlock
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