Friday, March 5, 2021

Tag: Just a Friendly Heads-Up

Just a Friendly Heads-Up, Bulls: The Fed Just Slashed its Balance Sheet

by Charles Hugh Smith, Of Two Minds:

Perhaps even PhD economists notice that manic-mania bubbles always burst–always.

Just a friendly heads-up to all the Bulls bowing and murmuring prayers to the Golden Idol of the Federal Reserve: the Fed just slashed its balance sheet–yes, reduced its assets. After panic-printing $410 billion in a few months, a $24 billion decline isn’t much, but it does suggest the Fed might finally be worrying about the reckless, insane bubble it inflated: