Wave of Cash

We'll all be planning that route
We're gonna take real soon
We're waxing down our surfboards
We can't wait for June
--Beach Boys

Comparison of Fed's current round of monetization (a.k.a. 'quantitative easing' or 'QE') compared to previous versions.

Within the span of a few weeks, the Fed has added more balance sheet assets than any previous QE program did in its entirety. And those programs lasted 1-2 years each.

The upshot is that 2 trillion dollars created out of thin air by the Fed have recently been released into the financial system. We've seen what this manufactured money has done to asset prices such as stocks.

What do you suppose happens when this wave of freshly minted cash splashes its way onto the shores of goods and services markets?