“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 Eccles Building; it also obliterates the case for QE.

via Pushing On A String: The Fed’s Spectacular Failure To Stimulate Housing | David Stockman’s Contra Corner.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.