“The reason that all of this financial repression—-and its corollary punishment of investors and savers—-did not spur a housing boom is, in a word, that the US economy is not a giant bathtub.” Pushing On A String: The Fed’s Spectacular Failure To Stimulate Housing | David Stockman’s Contra Corner

The reason that all of this financial repression—-and its corollary punishment of investors and savers—-did not spur a housing boom is, in a word, that

“The above graph not only puts a stake in the Fed’s pretensions about its prowess as an plenary economic manager from its perch in the Eccles Building; it also obliterates the case for QE. ” Pushing On A String: The Fed’s Spectacular Failure To Stimulate Housing | David Stockman’s Contra Corner

The above graph not only puts a stake in the Fed’s pretensions about its prowess as an plenary economic manager from its perch in the