by Mike ‘Mish’ Shedlock
The Fed’s balance sheet is ballooning out of control.
Nearly $7 Trillion in Securities, $2 Trillion Mortgages
As of August 26, 2020 the Fed’s Balance Sheet is nearly $7 trillion total of which $3.7 trillion are notes or bonds, and nearly $2 trillion in mortgages (Fannie Mae, Freddie Mac, or Ginnie Mae).
No End in Sight to Fed’s Mortgage Buying Spree
Bloomberg reports No End in Sight to Fed’s Mortgage Buying Spree.