I was looking for the reason behind the sudden rebound in stocks.
The FED has started to increase the size of their balance sheet again!
Federal Reserve Board - Recent balance sheet trends
Are they crazy?
Their real interest rate is at least -5%.
And, their unemployment rate is 3.6%.
And, yet for some reason, they still feel like they need to do more.
It is quite clear that they will never be able to wean themselves off QE.
A bit sad actually. For a couple of weeks, I believed they had changed.
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I was looking for the reason behind the sudden rebound in...
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