The Fed Bubble?

Further to yesterday’s note on “Behind the Levitation” about the Federal Reserve’s easy money policy, Ron Greiss of The Chart Store kindly sent along these four graphs that display the astronomical expansion of the Fed’s balance sheet in the aftermath of the crash of 2008.  These make for sober viewing indeed.  Hard to see how this ends well (click to enlarge any of these):

Fed 1 copy

Fed 2 copy

Fed 3 copyRon Greiss notes that correlation does not equal causation, but still:

Fed 4 copy