from Sovereign Man:
First of all, a very Happy New Year to our many Chinese readers.
According to the ancient Zodiac, today we are shedding the coils of the year of the Snake in favor of the Horse.
Given this symbology, it is perhaps a very small irony that today is also the final day in office for Ben Bernanke, chairman of the US Federal Reserve. Let’s review the statistics:
1) When Mr. Bernanke took office in 2006, the Fed had $834.6 billion in assets, the vast majority of which were US Treasuries.
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