The Fed now holds $1.108 trillion and it has not even passed the halfway mark of its second round of money printing, which they call Quantitative Easing.
By June the Fed could own $1.6 trillion of Treasury bonds. The experiment that the Fed has embarked upon is simply unprecedented in this country. So far it has been an abysmal failure. Pardon my economical ignorance on this topic...but idn't this also known as "pumping the cow"?
Or some similar term for increasing the monetary supply by means other than normal.