Magic Money
01/28/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
While the Fed balance sheet recently crossed $4 trillion, the amount that’s in Treasury securities is $2.23 trillion while the amount in mortgage backed securities is $1.53 trillion, for a total of $3.76 trillion, with the remaining $290 billion in odds and ends. The Fed balance sheet will grow by another $405 billion before tapering is finished. Remember, the balance sheet was just $800 billion before the Great Recession began.