November 09, 2012 at 01:49 AM EST
The Stock Market, Leading Indicators, QE & the Bernanke Put
We’ve covered QE quite a bit over the years. I’ve repeatedly referred to it as the most over-hyped policy, perhaps ever. After all, it’s just an asset swap of reserves for bonds that doesn’t change the private sector’s net financial assets, perhaps changes interest rates marginally and primarily works via the questio...
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