Whats another 1.5 Trillion?
The printing presses will be working ’round the clock to fund purchases
of up to $300 billion in long-term Treasuries over the next six months
which, in combination with an increase in purchases of mortgage backed
securities and agency debt also announced today (an additional $850
billion total), should see the Fed’s balance sheet swell to once
There’s quite a bit of an uproar over this, even in the more mainstream news. Denniger has a good piece: http://market-ticker.denninger.net/