The View From 1776
Thursday, November 18, 2010
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.