From John Ross Crooks III: The Fed is entertaining a disaster: Unwinding its $4.5 trillion balance sheet is expected to become part of its normalization efforts.
That’s a bad idea.
Michael Pento explains, “Since Quantitative Easing (QE) began back in November of 2008, the Fed’s balance sheet has grown from $700 billion to $4.5 trillion today. That is an increase of 540 percent [while] U.S. GDP has only managed […] a comparative measly blip in growth of just 29 percent.”