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Katchum
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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
  • Federal Reserve Balance Sheet Surpasses 3 Trillion Dollars 1 comment
    Jan 25, 2013 12:51 PM

    As of this week, the Federal Reserve has officially gone over $3 trillion in its balance sheet. It is buying MBS and bonds as promised. Of course this has consequences as I pointed out here. The euro made a 1 year high against the U.S. dollar. U.S. bond yields are breaking resistance at 1.92% yield on the 10 year treasuries.

    What's very odd is that the gold price keeps languishing. A weak dollar environment should be very bullish for gold.

    (click to enlarge)
    Chart 1: Federal Reserve Balance Sheet
    (click to enlarge)
    Table 1: Federal Reserve Balance Sheet (detailed)

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  • The_Hammer
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    the crackpot will have accumulated $4 trillion by the time his reign ends in early 2014 and will be exiting before the next storm like his mentor greenspam.
    25 Jan 2013, 01:10 PM Reply Like
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