The American Empire in a Changing World


Thursday, September 20, 2012

''Federal Reserve Balance Sheet Set to Explode''

From The New American

''Dean Croushore, an economics professor at the University of Richmond, pointed out the problem facing the Fed, and it isn’t lower interest rates: It’s uncertainty about the future. He observed, "Business [owners] are not hesitant to invest and hire because interest rates are too high — they're hesitant because of the uncertainty surrounding their future prospects."

When Tyler Durden, writing at ZeroHedge, took a look at the fine print of the Fed’s press release, however, all he did was add to those business owners’ uncertainty. He calculated just how large the Fed’s balance sheet would be if the Fed purchased $40 billion every month through the end of the year 2013, and came up with the astounding total: $4 trillion.''

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