Federal Reserve balance sheet reduction monitor, 1/5/2018

The Federal Reserve’s balance sheet reduction plan calls for selling a total of $10 billion per month of treasury, agency and mortgage-backed securities starting in 2017Q4. One can keep track of their progress by monitoring the H41 filings.

With the 2017Q4 results in, they apparently have not met their self-determined goal despite aggressively selling assets in the last two weeks:

Date Treasury Agency+MBS Total
9/27/17 2465427 1774917 4240344
1/3/18 2448208 1769320 4217528
Change -17219 -5597 -22816
12/31/17 Goal -18000 -12000 -30000
% Achieved 96% 47% 76%

According to the Federal Reserve’s plan, the rate of selling in 2018Q1 is supposed to double the rate of 2017Q4.  We will of course monitor their progress.

What we are reading on 1/2/2018

Here’s what we are reading today. We do not necessarily agree with the opinions expressed therein and we disavow any actual or implied investment advice therein. In no particular order: 
Disaster on the Horizon: The Price Effect of Sea Level Rise
Big Tech Health Care
Friends and Aging
Science Based Strategies for Boosting Happiness
Gyms Ditch Machines To Make Space For Free Weights
Home For The Holidays, Get Off The Couch
Domain Dependence
Online Holiday Shopping Returns
How To Read More
Charitable giving after tax reform
MLPs Glimpse Daylight
The Returns To Value Strategies When Valuation Spreads Are Wide
Visualizing The Net Worth Of Americans By Age
Prepare For Recession
Real Estate and Private Equity may be Technology’s Next Victims
Easy Way To Save Money
Quit Bad Habits
The latest from Mutual Fund Observer
Academic Research Insight: Predicting Long Run Stock Returns? It’s All About the Payout.
Weighing the Week Ahead: What Should Worry Investors in 2018?
Five Questions for the Fed in 2018
Momentous Change in US Natural Gas, with Global Impact
US Dollar Refuses to Die as Top Global Reserve Currency
The Dreaded “Flattening Yield Curve” Meets QE Unwind
Peak Good Times? Stock Market Risk Spikes to New High
5 Ways To Boost Results With Growth Hacking Techniques
7 Ways to Ask for a Favor – and Get It!
Which New Year’s Resolutions Are Most Likely to Stick?
How to Highlight Job Skills on a Resume
The lower your social class, the ‘wiser’ you are, suggests new study
The Only Way to Keep Your Resolutions
3 Myths About Your Teen’s Bad Attitude