Amid all the "sound and fury" about the tightening monetary policy in the United States, the Federal Reserve slipped by the napping market vigilantes one of the largest monthly expansions of its balance sheet on record.
In the course of February, the Fed's monetary base expanded by a whopping $104.8 billion, the third-largest monthly increase since the beginning of its asset purchases.
This month looks like it could well be more of the same. During the reserves reporting period between February 19 and March 5, the high-powered money soared by nearly $30 billion, bringing the year-over-year increase to an incredible 36 percent.
Tapering is bullshit speaks for WE ARE LYING!
In the course of February, the Fed's monetary base expanded by a whopping $104.8 billion, the third-largest monthly increase since the beginning of its asset purchases.
This month looks like it could well be more of the same. During the reserves reporting period between February 19 and March 5, the high-powered money soared by nearly $30 billion, bringing the year-over-year increase to an incredible 36 percent.
Tapering is bullshit speaks for WE ARE LYING!
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