With his recent decision to blow out the all of the stops and go for the nuclear option of unlimited QE and ZIRP forever as the stated policy of the Federal Reserve, it is obvious that Chairman Bernanke believes in what he is doing. While I may disagree with his methods and believe that his approach to QE cannot achieve his stated goal of increasing employment, he is operating with a limited playbook and receiving no assistance from his fellow teammates in Congress. A Look Back For the last four years, the Fed has been expanding its balance sheet in an attempt to offset the private sector deleveraging from the recent ... (full story)