
Quarterly Review and Outlook - First Quarter 2013
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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Quarterly Review and Outlook – First Quarter 2013
 
		By Hoisington Investment Management Company
“The Federal Reserve is printing money”. No statement could be less truthful. The Federal Reserve (Fed) is not, and has not been, “printing money” as defined as an acceleration in M2 or money supply. Just check the facts. For the first quarter of 2013 the Fed purchased $277.5 billion in securities (net) as their security portfolio expanded from $2.660 trillion to $2.937 trillion.
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