This is the scariest image in finance:
The above chart shows the dollar’s performance since the Fed announced its Quantitative Easing program in March. This chart tells us two things:
The above chart shows the dollar’s performance since the Fed announced its Quantitative Easing program in March. This chart tells us two things: - Americans just got 15% poorer on the world stage thanks to Ben Bernanke
- A currency crisis is in the works (and perhaps already starting)
Regarding #1: When the financial crisis hit, the Fed realized it would need to keep interest rates low while it attempted to bail out the banks (80% of the $200+ trillion in derivatives sitting on commercial banks’ balance sheets are related to interest rates). FULL STORY
