An update of the Federal Reserve balance sheet charts for 1/7/11. As the calendar ticks through July, we’ll find that the balance sheet of the Federal Reserve will remain roughly as can be seen below. Resultantly, the course of monetary policy will be subject to the hopes and fears of the bond, MBS & gold markets for a while…

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An update of the daily treasury statement charts for 1/7/11. The lagged charts suggest that the current ‘relief rally’ could last a few more weeks before reversing for another leg down.

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Jim Grant was interviewed on Bloomberg TV on 30/6/11. He had some interesting thoughts on gold, money, MMMFs, interest rates and investments. See below for the video & summary:

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