Here’s a great graph via the FT, shwoing that as the Fed’s balance sheet has grown so has the drivel verbosity in the FOMC statements. LOL, love it:
$6nb per extra word !
Preview Mode
As the Fed balance sheet has exploded upwards, so has the amount of “blah, blah, blah” from its officials – here’s the proof
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}