Jun 14, 2022
3:03:48pm
3:03:48pm
They are SLOWLY starting to do that. They will only have sold off $100B by end
of year. I think they could certainly go a little faster than that as it will take 90 years at that rate to shrink the balance sheet to zero. Nevertheless, I don't blame them for being a little more cautious in today's economy.
It was 100% a big mistake to continue to grow the balance sheet during and after the pandemic; there was no doubt in my mind where it would lead.
It was 100% a big mistake to continue to grow the balance sheet during and after the pandemic; there was no doubt in my mind where it would lead.
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