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..."Among other charges, the Rochdale Securities analyst says the Fed’s quantitative easing program was a “miserable failure,” primarily because all it did was raise asset prices but injected little new money into the economy."
..."Among other charges, the Rochdale Securities analyst says the Fed’s quantitative easing program was a “miserable failure,” primarily because all it did was raise asset prices but injected little new money into the economy."
The FED did what is was supposed to do, which was provide capital and credit liquidity.
The quesiton YOU SHOULD BE ASKING IS WHAT HAPPENED TO THAT CAPITAL?
The answer to that question is banks and large investment companies took that capital and invested in in financial makrets and low wage high growth emerging market countries where they could make the most profits.
The problem isn't the FED the problem is banks and large corporations that ARE NO LONGER INVESTING MONEY IN THE UNITED STATES.
The American people are being sold out by the banks and largest corporations in this country.
Thats why the banks are sitting on hundreds of billions in cash?
I know banks are sitting on a lot of cash but that is a completely different issue.
You made a false assertion that the Fed's QE policies will lead to a depression. On the contrary, QE prevented our recession from turning into a full blown depression. The Fed's policies were very successful because they did what they were designed to do.
I know banks are sitting on a lot of cash but that is a completely different issue.
You made a false assertion that the Fed's QE policies will lead to a depression. On the contrary, QE prevented our recession from turning into a full blown depression. The Fed's policies were very successful because they did what they were designed to do.
lol. Yeah, ok. You keep on believing that and keep thinking everything is just peachy keen.
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