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The Fed’s Nuclear Balance Sheet. Stand Back: This Baby’s Going to Explode

by Mitch Feierstein about 10 years 10 months ago

Over the coming weeks, we’re going to be hearing a lot about the ‘fiscal cliff’: the threat that some 5% of GDP is going to be ripped out of the economy in a combination of tax hikes and spending cuts. A fiscal slow-down on that scale will almost certainly trigger recession. The CBO thinks so, though their numbers look […]

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