ECB, FED and the Swiss National Bank have been "printing" money but not the same as before. They're only using it to buy securities, first bonds, and now even s

ECB, FED and the Swiss National Bank have been "printing" money but not the same as before. They're only using it to buy securities, first bonds, and now even stocks/index ETFs. Search "FED balance sheet vs S&P" or something similar. E.g. http://whattheythink.com/data/84893-feds-balance-sheet/ http://whattheythink.com/data/84893-feds-balance-sheet/