Is The Fed Set To Become Insolvent?

"Is The Fed Set To Become Insolvent"

        To be sure, I've made a multitude of contentious arguments over the past six months or so. Of those arguments, one that has to rank near the top of the list in terms of its being especially controversial is the idea that central banks can -- despite their command over the printing press -- go broke. I began to explore this issue in several articles (here and here notably) after it became clear over the course of 2012 that the ECB was set to poison its balance sheet by buying up risky Spanish and Italian bonds and by generally accepting stodgy "assets" ...click here to read the full article on SeekingAlpha


 

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