Quantitative Teasing
"Some subjects are so serious that one can only joke about them."
QT Marches On
David Rubenstein: What is your balance sheet now?
Jerome Powell: I think it's 8.4 trillion dollars.
Ben Bernanke, March 2010: I think we would like to bring the balance sheet back to something...under a trillion dollars...
Ron Paul. A trillion dollars?
Ben Bernanke. Or less, yes.
Just a shorter note today - in a day or two I’ll be doing an annotated post on the rambling interview I did yesterday, which is supposed to be released tomorrow.
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