Great post and helps to really put the macro trends in perspective. I am utterly confused at when and how, and for how long, we will feel the impact of the liquidity and easy credit flushed into the market. At the same time regulators are imposing more restrictions on capital requirements for banks around credit (Basel 3.5 or 4 accord in Europe) - maybe that is an effort to put a flow control on some of the liquidity.
Interesting piece by @calaberp24 on related currency supply issue although I think the issue is more about overall intervention than the "type" of currency. https://steemit.com/money/@calaber24p/running-economies-off-a-fixed-currency-supply-is-a-terrible-idea-here-s-why