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Fed Balance Sheet Shrinks, Except Only the Part That Matters

Wall Street media shills have noted that the Fed’s balance sheet has shrunken a bit in recent weeks. Let’s get this out of the way first.

It’s meaningless and temporary. Here’s why, and here’s what really matters.

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Posted in 1 - Liquidity Trader- Money Trends, Fed, Central Bank and Banking Macro Liquidity
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