Good stats on this are hard to come by. I am happy to see better figures and happy to wind down from 50T. But the order of magnitude is on the money - if it’s 10T or 30 does it really matter? It’s an unprecedented increase in such a short time - inflation figures have barely caught up - we will be seeing inflation go through the roof for decades to come and central banks trying to use their only lever (interest rates) on something that is a fiscal problem.
So follow my more restrained calculations: statia below gives us a 3TN increase for covid period, UK gov figures have 800BN Sterling which is 1T USD give or take. Then look at 27 European countries - at 500M people spending at the rate of USA gives us 5T, before we even look at Japan and Asia. We have got over 10TN. That’s a boatload in anyone’s momey
So follow my more restrained calculations: statia below gives us a 3TN increase for covid period, UK gov figures have 800BN Sterling which is 1T USD give or take. Then look at 27 European countries - at 500M people spending at the rate of USA gives us 5T, before we even look at Japan and Asia. We have got over 10TN. That’s a boatload in anyone’s momey
US fed balance sheet increases by 3 TN 2020-24 https://www.statista.com/topics/6441/quantitative-easing-in-...