Hello Taxpayers! Fed’s Balance Sheet Suffered Substantial Losses In Q3 (Record $66.453 Billion)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Hello Taxpayers!

According to the Fed’s latest quarterly financial report, The Fed’s massive portfolio suffered substantial losses when hit a record $66.453 billion in the third quarter.

Fed P&L dec 2018

The Fed (aka, the Phantom Empire) is the gift that keeps on giving.

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