14.02.2014 - Gold has a game changer
With the games in Sochi underway, people around the world are tuned in to watch the competition heat up in their favorite cold-weather sports, including cross-country skiing, snowboarding and hockey. Back in Washington, we watched Ben Bernanke officially “pass the puck” to Janet Yellen, who became the new chairman of the Federal Reserve’s Board of Governors last week. Imagine if the puck were the Fed’s assets—that would mean the disk is five times bigger today than when Bernanke became chairman in 2006. At the beginning of his reign, the Fed’s assets were $834.6 billion. Now, the balance sheet has grown to $4.1 trillion, a previously inconceivable size...............................................Full Article: Source
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