For all the drama around Fed announcement of new, boundary-crossing facilities, the overwhelming majority of balance sheet expansion is accounted for by asset purchases of Treasuries and MBS. @MorganStanley via @SoberLook
thedailyshot.com/category/the-d… https://t.co/GijE0MA7Zo
RT @LeusderListicle: @adam_tooze Yes the only thing more frightening than the yawning output gap is the attitude of lordly nonchalance
RT @LeusderListicle: @adam_tooze Yes the only thing more frightening than the yawning output gap is the attitude of lordly nonchalance towa…