Saturday, May 14, 2016

FED Balance Sheet May 2016

The above is the total FED Balance Sheet. It appears to be stable for the past two years.
A little closer and no change.
Finally the key two items. The problem is; how do they unwind the old mortgage stuff? That will be the painful step. Also they have ratcheted up additional currency and that may also need unwinding. The above shows the Easings over time, stability now is there but it is a very unstable stability.