An update of the weekly Federal Reserve balance sheet charts for 9/7/11. As the latest quantitative easing program was completed on June 30th, this will be the last week where the numbers coming from the Board of Governors of the Federal Reserve System reflect it. [The latest data point reflects the changes from 29th June to 6th July.]

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An update of the daily treasury statement indicators for 9/7/11. If one were to take the lagged charts at face value, one would conclude that there could be another week or two of buoyancy in ‘risk assets’ followed by another downturn.

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