2003 Balance Sheet Policies Productivity 
MishTalk
AUGUST 22, 2013
And long-term rates are what matter for capital investment, which is key to increasing the economy’s growth potential and raising productivity.". From 2003-2006 the Fed ignored major bubbles in home prices, then commercial real estate. But I view this as a failure of the policy, not a success. What Baum Left Out.
MishTalk
JULY 16, 2014
trillion and the Federal Reserve’s quantitative easing policy which added net $3.63 Readers of our letters are familiar with our long-standing assessment that the cause of slower growth is the overly indebted economy with too much non-productive debt. Rather than repairing its balance sheet by reducing debt, the U.S.
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