I see asset bubbles. And I think if you were to announce today that over the next 24 months you are going to bring that balance sheet down from $4 trillion to zero, or $1 trillion, I think if you even said over the next 4 years we are going to bring it down from $4 trillion to zero, I think we would see how big those asset bubbles are.
Johanns expresses concern about asset bubbles and the impact of reducing the balance sheet.
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