The referenced article refers to Fed actions LAST YEAR. I don't know about the "61%", that sounds high, probably just throwing numbers around. Since then, the Fed has not increased its balance sheet. Also, since then, Treasury auctions, without Fed participation,have gone well, both domestic and foreign. The theme of the inevitable crash to come eventually is widely accepted by doomsayers but there are better potential alternatives, such as an improving, job producing economy, which would then justify the Fed's accomodative policies. |