by LNscale
According to the official tapering schedule, the FED was supposed to reduce monthly asset purchases by $15B in Nov, then by $30 in Dec and after. This should have reduced purchases down to a rate of about $30B/month by now.
Check out the balance sheet (weekly numbers were just updated):
Total assets of the FED in $M
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
The balance sheet is still growing at a rate of over $100B/month. In other words, tapering is not happening!
Powell is lying in our face.
The $$$$ printer is still running at redline.
Double digit inflation is around the corner and will stay.
Views: