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Swiss QE, déjà vu

So Switzerland’s starting quantitative easing?

This chart, of the Swiss money supply (M1) between 2003 and 2008 begs two particular questions:

Click to enlarge - Bloomberg: Swiss M1 (YoY)

Just when did QE really begin and how far up is that line going to go?

(HT Sean Corrigan of Diapason Commodities)

Related links:
The Swiss franc factor - FT Alphaville
Switzerland introduces quantitative easing - A Fistful of Euros