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Affluent Investor | April 28, 2017

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Fed Balance Sheet Hits 4 Trillion: This is Tapering?

Photo by Bloomberg

Photo by Bloomberg

A year ago the Fed’s balance sheet was 2.6 trillion. Before the financial crisis it was half a trillion dollars. This is explosive growth in monetary base, unprecedented, and dangerous to dollar stability and therefore to global stability. Ignoring the numbers is a bad strategy. Why isn’t this getting more media attention?

Jerry Bowyer is a Forbes contributor, contributing editor of AffluentInvestor.com, and Senior Fellow in Business Economics at The Center for Cultural Leadership.

Jerry has compiled an impressive record as a leading thinker in finance and economics. He worked as an auditor and a tax consultant with Arthur Anderson, as Vice President of the Beechwood Company which is the family office associated with Federated Investors, and has consulted in various privatization efforts for Allegheny County, Pennsylvania. He founded the influential economic think tank, the Allegheny Institute, and has lectured extensively at universities, businesses and civic groups.

Jerry has been a member of three investment committees, among which is Benchmark Financial, Pittsburgh’s largest financial services firm. Jerry had been a regular commentator on Fox Business News and Fox News. He was formerly a CNBC Contributor, has guest-hosted “The Kudlow Report”, and has written for CNBC.com, National Review Online, and The Wall Street Journal, as well as many other publications. He is the author of The Bush Boom and more recently The Free Market Capitalist’s Survival Guide, published by HarperCollins. Jerry is the President of Bowyer Research.

Jerry consulted extensively with the Bush White House on matters pertaining to the recent economic crisis. He has been quoted in the New York Times, The Wall Street Journal, Forbes Magazine, The International Herald Tribune and various local newspapers. He has been a contributing editor of National Review Online, The New York Sun and Townhall Magazine. Jerry has hosted daily radio and TV programs and was one of the founding members of WQED’s On-Q Friday Roundtable. He has guest-hosted the Bill Bennett radio program as well as radio programs in Chicago, Dallas and Los Angeles.

Jerry is the former host of WorldView, a nationally syndicated Sunday-morning political talk show created on the model of Meet The Press. On WorldView, Jerry interviewed distinguished guests including the Vice President, Treasury Secretary, HUD Secretary, former Secretary of Sate Condoleezza Rice, former Presidential Advisor Carl Rove, former Attorney General Edwin Meese and publisher Steve Forbes.

Jerry has taught social ethics at Ottawa Theological Hall, public policy at Saint Vincent’s College, and guest lectured at Carnegie Mellon’s graduate Heinz School of Public Policy. In 1997 Jerry gave the commencement address at his alma mater, Robert Morris University. He was the youngest speaker in the history of the school, and the school received more requests for transcripts of Jerry’s speech than at any other time in its 120-year history.

Jerry lives in Pennsylvania with his wife, Susan, and the youngest five of their seven children.

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  • Because PRAVDA/MSM is just an arm of the regime? Nothing more than the propaganda arm of the politburo . Surely you must already know that ? Why do you suppose I keep saying we live in massive illusions? because it ii true .

    • Jerry Bowyer

      Yes, MSM very disappointing. Even conservative media somewhat disappointing for lack of depth. That’s one reason for Affluent Investor. Thanks, btw, for being such an active participant in it.

      • You are welcome . I was involved as a trader professionally and at some what of a high level of events in my world. The MF Global thing was the last straw for me. I knew then there is no law or markets or credibility. I know folks that got hurt seriously. I was warned by higher ups just in time to unwind some contracts and options and got out with small losses. I hardly trade any more at all. Reminds me of catching your woman with another man ? That is what it feels like, the trust is gone, no confidence, its over !

        Many will get burned in the next round and all will say that nobody could see it coming, Hey ?

  • Pretty obvious all reportings are phony and distorted , UE#s, GDP, etc. and we have no idea all the cyber money going to all manner of subterfuge programs to be used in political meanderings of favor? Crony capitalism at its best , Hey?

  • craig

    Jerry …what media does not have an obvious agenda…even fox should be in panic mode …who personally or what business could recover from this…Jerry when you have established you have terminal cancer ..do you you keep looking for a cure ..NO YOU DON’T..you start making personal and family plans to weather the inevitable…our countries leaders are not trying to fix what can’t be fixed ..they are making personal plans for theirs to survive hoping the rest of us don’t stop paying in to a system soon to be extinct.

    • Jerry Bowyer

      Craig, you’re right media tends to be agenda driven, and that agenda does not include truth, let alone wisdom.

      • craig

        I look forward to reading more of what you have to say in future comments..we need more of you .

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