The Growing Disconnect Between the Supply of Money and Economic Growth

 http://viableopposition.blogspot.ca/2014/03/the-growing-disconnect-between-supply.html

There is no doubt, economically, things are performing differently than one would expect, particularly given that the Federal Reserve has been actively intervening since September 15th, 2008 when the Fed began to inject massive amounts of credit into the market.  Between September 15th and January 2009, the monetary base doubled, an unprecedented move that showed how desperate the situation was after Lehman Bros. filed for bankruptcy protection.  In mid-March 2009, the Fed announced the first of its non-conventional policies known as QE1, signalling to the market that it would purchase up to $1.75 trillion in mortgage-backed securities, government agency debt and longer-dated Treasuries.  QE1 was followed by QE2, Operation Twist and QE3, all of which have led to monetary distortions that have not been seen before as you will see in this posting.