When asked about the effects of QE 1 & 2 his first answer was essentially, "look at the stock market" and how many jobs did that add? Well it certainly helped the banks and the CEOs who have been selling their shares in record numbers.
The wealth effect?
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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