The Liquidity Pyramid

Go look at the picture the accompanies this piece, take note of the numbers:

Much speculation lately focuses not so much on what the stock market will do (the answer to that should be self-evident, especially once shorting stocks again becomes a practical reality), but what the impact of recent economic policies will be not just on inflation (regional or global), but also on that most sacrosanct piece of paper, the U.S. dollar.

Not much to add… seems like a reasonable analysis to me.

The trap is closing. Terrifying.