Have you seen this chart?
It shows how many securities the Federal Reserve has purchased since the financial crisis.
It’s important because these are assets that would normally be purchased in the open market but are being taken off the board.
Have a look…
You see that big spike in buying a few months ago?
The Federal Reserve is acting like it’s 2008…
It’s purchasing bonds, Treasuries, and mortgage debt hand over fist.
It’s stepping in to buoy these assets… aka intervening… during a time when the economy is supposedly flourishing.
“The plain truth is… we are in the middle of QE4 right now”
– Grant Williams
The Federal Reserve looks to be pumping a healthy patient of full of drugs…
Something is not adding up.
And Mike Maloney agrees…
He recently recorded