Albert Sung is the author of the Katchum Macro-Economic Blog, 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... More
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.
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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.
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Federal Reserve Balance Sheet Surpasses 3 Trillion Dollars 1 comment
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.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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