Fed's Balance Sheet Increases By $53 Billion
Courtesy of Tyler Durden
U.S. FED BALANCE SHEET LIABILITIES GROW TO $2.125 TRLN SEPT 16 VS $2.072 TRLN SEPT 9-FED
We will provide the full spread of the Fed’s balance sheet later tonight
(4 votes)
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on Thu, 09/17/2009 - 15:36
#72693
It’s a damn good thing we aren’t monetizing governmental debt in the USA.
Phewww….
on Thu, 09/17/2009 - 15:39
#72695
that’s freaking scary. Oct ‘87 or bust
on Thu, 09/17/2009 - 15:42
#72698
Shiiiit! Only $53 Billion…about time they showed a little fiscal constraint!
on Thu, 09/17/2009 - 15:52
#72702
Didn’t the Treasury announce another $190 billion in tbills to be auctioned off next week?
OT -
CNBS’s Brian Beers reviews Ron Paul’s Book End The Fed.
Cast your vote at the end.
http://www.cnbc.com/id/32881898
on Thu, 09/17/2009 - 15:49
#72711
How the hell do you unwind from a $4-5 trillion balance sheet riddled with worthless junk? I guess we’ll find out in about a year.
on Thu, 09/17/2009 - 15:55
#72718
If you are the fed, my guess is you don’t unwind it. You probably average down.
on Thu, 09/17/2009 - 16:02
#72721
Remember people, assume makes an ass out of you and me. The Fed’s play may not necessarily be to unwind, especially seeing as it is impossible and all.
on Thu, 09/17/2009 - 16:03
#72729
Regardless of the average purchase price, in the end, an asset-backed security that is not worth market value will be either held or sold at a discount. I’m thinking ‘hold’.
on Thu, 09/17/2009 - 16:00
#72723
Unwind what? Kind of like asking a counterfeiter to buy back all the bills that he passed.
Who cares what the Fed balance sheet is? On the one side you have assets in the form of smelly, steamy garbage, on the other side you have Gutenberg’s invention.
All the fed needs to balance its books is to have enough paper on hand to print the denominations needed to buy garbage.
on Thu, 09/17/2009 - 15:59
#72722
+178 or so on the Dow this week. Relationship? Naaaahhhh.
+165 on the last two POMO days. Coincidence? Of course.
on Thu, 09/17/2009 - 16:02
#72726
Indeed the only way out is through the in door
presumably
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