Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation?
MishTalk
AUGUST 7, 2013
What’s fascinating about QE is that it has no transmission mechanism to the real economy except as a weak can-kicking exercise - and even then only by creating enormous distortions in pursuit of minute "wealth effects." December 2008 (85). November 2008 (78). October 2008 (108). September 2008 (140).
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