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Fed Openly Discusses “Permanently High Balance Sheet”; Lie Finally Admitted

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

Merits of Not Shrinking the Balloon

When the Fed first launched QE, they stated they had the “tools” necessary to shrink their ballooning balance sheet.

I quickly made the claim, no thinking person on the planet believed that lie.

ZeroHedge made similar comments, as did others. So no one is a genius for predicting today’s non-news headline Fed Weighs Merits of Jumbo Portfolio in Post-Crisis Era.

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