The Wizard cannot keep his promises

Despite promises of interest rate hikes and balance sheet reductions, the fed is now clearly saying it will have to increase its balance sheet as a matter of policy going forward.  But don't worry, its not "QE" says the fed.  QE is now widely understood to simply have been debt monetization and so the fed thinks it can jawbone itself away from that shame simply be renaming it to something else.  But the size of the fed's balance sheet is, by definition, the monetary base upon which credit and debt are piled in order to form the money supply.  So Powell is nothing but a fucking liar.  It's absolutely blatant and obvious yet he does so with a straight face, just like all the other con men/women before him.  He has to put on the act because that is his job.  He's an actor in this shit show.

Of course only a fool is surprised by this.  In fact, I provided a model showing how the balance sheet reduction was likely bottomed and the next move would be a rapid move up as the fed tries to save the global financial system once again from deflationary forces.

Anyone who thinks a "soft landing" is ultimately possibly simply does not understand that this is a Global Debt Ponzi and when they go down, they don't do so softly.  They collapse like the twin towers.  Maybe it will be different this time for "exceptional" America but I strongly doubt it.