The number of greater concern is The Fed's combined assets of $2.25 Trillion as of Dec. 31. This number compares with $1.3 Trillion a year earlier.
The Fed balance sheet is inflationary and anyone who believe otherwise has their head in the sand.
We continue to watch the yield on the Ten Year and Thirty Year Treasury closely. We will be looking at the yield curve and its implications tomorrow.
Fed data shows big losses on Bear Stearns deal
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