Previously described working for Microsoft as selling his soul Fed's unrealized losses on the balance sheet just broke $1.3 trillion for first time ever – truly unprecedented; the amortized cost is 20.4% more than the mark-to-market price of the balance sheet; recall that selling a devalued security reduces the impact on the money supply: pic.twitter.com/Wk6f4I0PbB … Continue reading 11.26