The View From 1776

Reactions To The Fed’s QE2

For the moment, things are not behaving as the Fed’s Keynesian computer models predicted.  That’s hardly a surprise, given the abject failure of Obama’s stimulus spending and earlier Fed quantitative easing to re-boot the economy for sustained growth.  QE2 may be seen in the coming months as Quantitative Easing failure number 2.  For early results, read:

Is the Fed’s rally already over?
The rally the central bank’s stimulus plan was supposed to spark may already be over.

Mad Money: How QE2 Set Off a Global Chain Reaction