2012-11-21 —

There has been no sign of the Fed balance sheet unwinding. So the talk of muted inflation may be true in some respects but what happens when the Fed needs to shift these items back to market? Is it simply going to carry trillions of dollars deep into the future with no issues? We are all going to find out since we are into deep uncharted waters here. You can rest assured Congress is going to be voting with their own pocketbook and not the interest of the nation.

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