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Daily Archives: April 4, 2009

Bernanke explains Fed’s balance sheet

Chairman Bernanke explains, in details, Fed’s balance sheet, which has doubled to $2 trillion since the crisis began.

Part I

Part II

Tip: Starting around 10′, Bernanke outlines the potential tools for the “exit strategy”.

Finally, former Director of Monetary Affairs at the Fed Vince Reinhart responds to Bernanke’s speech:

Unemployment: Where do we stand?

Various graphs looking at the current unemployment from historical perspective (click to enlarge):

(graphs courtesy of calculatedrisk, and NTB)

Comment on job report yesterday from John Silvia (Chief Economist of Wachovia):