![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIqbnAseqRzPj-Bo_5PNB6HolI_Ub6SDyEJF-_4kAmdbQss3YMdqXO30QdGwbKoYuNGjZzvc5hz02jU2peJ4oWxs9I5siecYktqPip3CYG-63li2GiLqSTbuG1o5hSHM6XglUVvCLuZKs/s400/QE_andPoG.png)
(Click for a larger image)
Operation Twist didn't expand the monetary base — unlike TARP, QE1, QE2, QE3 and QE4. Without base expansion, we see deflation.
- http://www.bullionvault.com/gold-price-chart.do
- http://research.stlouisfed.org/fred2/graph/?id=AMBNS
- http://en.wikipedia.org/wiki/History_of_Federal_Open_Market_Committee_actions
3 comments:
U r fast :o)
So fast that nobody can yet see the proof. ;o)
Update? Make it easy on yourself
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