The Stupidest (and most prominent) QE Chart in the World
Sorry for the belligerent post title, but I really hate the chart below. You know it. You’ve seen it all over the place for 5 years straight. Heck, I’ve probably [ … ]
Practical Views on Money
Sorry for the belligerent post title, but I really hate the chart below. You know it. You’ve seen it all over the place for 5 years straight. Heck, I’ve probably [ … ]
Paul Krugman, Brad Delong, David Andolfatto, Noah Smith, Nick Rowe and Steve Williamson are having quite the battle over the idea that QE might be deflationary and won’t cause raging [ … ]
Some interesting perspectives here from Larry Summers on the economy and QE. I am not so sure history will view QE so approvingly, but I guess we’ll have to wait [ … ]
One topic that seems to confuse a lot of people is the way that QE increases the broad money supply. This excellent post by Ramanan gets into the heart [ … ]
Here’s a pretty eye opening and important piece from yesterday’s Wall Street Journal. It’s by Andrew Huszar who managed the Fed’s $1.25 trillion MBS program in 2009-10. He says [ … ]
Nobel prize winner Eugene Fama has done his homework on QE and seems to understand the basic accounting behind it that so many others misinterpret. In this CNBC interview, Fama [ … ]
I still get a lot of push-back from people when I claim that QE can cause market participants to do irrational things which can cause prices to react in a [ … ]
Here’s a lovely thought – imagine a world where the Fed has induced risk taking in what is perceived as the safest of asset classes – fixed income. They’ve also [ … ]
I wanted to expand on a point that some people have discussed in the comments. There are some who think that rising stock prices validate any move the Fed makes. [ … ]