Date: August 2016: Poszar reserves.jpg (843×687)

The scary part of the J hole spout out speeches is the Fed Governors do not think ANY policy errors have been made. Instead, they believe new ones should be tried to test their effectiveness. 8/28/16

This chart is absurd. Its like saying: "if we begun being profligate in the 70's, we would be much more used to profligacy now".  
Robust Liquidity Regime? Give me a break. How about "Robust Levels of Profligacy and Criminal Disregard for the Future?". 9/1/16