And The Most Unexpected Correlation To The Fed's Balance Sheet Is...

Here it is.....and who says we don't live in a 'form over substance' world!

And The Most Unexpected Correlation To The Fed's Balance Sheet Is...

While the Fed pays lip-service to its increased transparency, the volumes of caveats and wordsmithing we exposed last week continue to surge.The problem is becoming worse for the Fed and is showing up in the oddest correlation to the Fed Balance Sheet we have found yet. As Deutsche Bank's Thorsten Slok shows, as the 'unemployment rate' approaches the 6.5% 'threshold', FOMC statements have surged in their verbiosity. Simply put, as Slok quantifies, it is becoming more and more difficult for the Fed to explain (away) what it is doing (and more and more expensive). And another thing we can look forward to: when the Fed's balance sheet hits $1 quadrillion in a few short years, at the current pace of expansion the FOMC statement will be 25,000 words, or the equivalent of a 100 page book.

http://www.zerohedge.com/news/2014-01-13/and-most-unexpected-correlation-feds-balance-sheet