December 13, 2012 at 07:59 AM EST
Fed policy
I wrote this (published) paper on 0 rates 15 years ago. The trimmed Fed forecasts are confirming the ‘tax’ aspect of QE? The $80+ billion the fed turns over to the tsy each year would have otherwise been earned by the economy. It’s all confirming my suspicions that the Fed has been stepping on the [...]

I wrote this (published) paper on 0 rates 15 years ago.

The trimmed Fed forecasts are confirming the ‘tax’ aspect of QE?

The $80+ billion the fed turns over to the tsy each year would have otherwise been earned by the economy.

It’s all confirming my suspicions that the Fed has been stepping on the brake when it thinks its stepping on the gas.

And when it ‘doesn’t work’ they just step on it that much harder.

Tragically, after all these years and with all the hard evidence in our face we continue to have both fiscal and monetary policy backwards.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here