quantitative easing

Debt

Why The Fed’s Monetary Policy is Failing

“There are studies that indicate that economic growth slows when public and private debt exceeds 260% to 275% of GDP. The U.S. hit the 260% level in 2000.” A recent paper by Hoisington Investment Management Company (available here) does an excellent job describing why the Federal Reserve is, and will continue to be, unsuccessful in …

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QE Infinity: The Unintended Consequences

QE Infinity: Unintended Consequences (via Market Shadows) QE Infinity: Unintended Consequences There is an intense debate going on in the first-class cabin of Economics Airlines about the direction in which our plane should be pointed. And while those of us back in the cheap seats don’t get to help decide, knowing where we will land …

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