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June 24, 2014

"Easy Money: Even without the Fed, we are awash in cash."

I'm not a macro or money-and-banking guy, but this is interesting:

Yes, the U.S. Federal Reserve has been an active supplier of easy money, with its various forms of quantitative easing since 2009 amounting to more than $4 trillion. But it is hardly the only source of liquidity.

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