Not QE ,QE Balance sheet

This from Mizuho

The Fed’s balance sheet has increased $300 billion in less than
two months. If repo funding continues at this pace, the Jan    
2015 high will be taken out by late Feb. It’ll be $800 billion 
of “non QE” stimulus in 6 months. Quickest pace since QE1 in   
2009.

Balance sheet expansion evident but yet Don’t call it QE

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