Today, the US Federal Reserve decided to very modestly taper the size of its Asset Purchase Program from $85B to $75B per month, starting Jan 2014. On the below chart, the slope of the US Fed Balance Sheet growth line will barely change. Currently, only the Bank of England has added more to its Assets (on a % basis) than the US Fed, since Aug 2008, and the Swiss have only acted defensively in growing its balance sheet to prevent the Franc from appreciation beyond limits targeted to keep Swiss Industry globally competitive-
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