After decades of spraying equity bulls with trillions of dollars of “accommodation“, the Federal Reserve is meekly and timidly trying to take away a teeny, tiny, itty-bitty morsel of the corporate welfare without trying to piss off their billionaire masters too badly. Below is shown the chart of the securities (if one dare use that term) that the Fed has purchased outright.
If you get out your electron microscope, you can see the diminishment in this gargantuan, multi-trillion dollar treasure chest. You’d probably have to use scientific notation to denote how tiny a percentage they’ve sold off. I imagine they might manage to dump 0.000000000323% before Powell pussies out.
