Every so often, I will browse some charts at the Fed website. I stumbled upon this on the other day and cannot make out what is happening.

Now I believe that the first big spike was QE1 as it started in Oct-Nov 2008, but the second spike I cannot figure out. If I remember correctly, QE2 should have started in Oct-Nov 2010 so we should have seen the spike then and not now 3-4 months later.
Anyone have any ideas? I trust the people here more than the MSM...Oh wait, the MSM isn't even talking about this, now that's strange, hmmm....(sarcastic switch off)

Now I believe that the first big spike was QE1 as it started in Oct-Nov 2008, but the second spike I cannot figure out. If I remember correctly, QE2 should have started in Oct-Nov 2010 so we should have seen the spike then and not now 3-4 months later.
Anyone have any ideas? I trust the people here more than the MSM...Oh wait, the MSM isn't even talking about this, now that's strange, hmmm....(sarcastic switch off)
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