Massive Foreign Money Printing Keeps Ending Up in US, Inflating US Assets

The Fed is adding $23 billion to Primary Dealer trading accounts this month as it settles its forward MBS purchases from the last two months May 13-21. But this a drop in the bucket compared to the countless billions of newly printed money flowing into US markets from Europe and Japan. Their central banks keep printing it, and their banks and institutions keep shunting some of it straight to Wall Street. That has continued to feed what, at this point, is probably the greatest asset bubble in the history of the world.

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