Has the US Fed done a boffo job in the years since the Great Recession started, with unemployment steadily dropping as stock and home prices steadily rose? Or has it simply been adding QE fuel to the fire that will ultimately destroy the US dollar, taking the American economy (and by extension, the rest of the world) down with it? Everyone has his own opinion on that, and nobody is going to be able to convince the other guy to change his/her mind, so let’s not fight that pointless battle here.
In Europe, at least, the consensus seems to be that the Fed has gotten it right, as the ECB has apparently decided to implement its own version of Quantitative Easing in an attempt to add some oomph to Europe’s grudging recovery. The result in European markets was the ninth straight day of rising stock prices Friday, which, love ’em or hate ... Log in or subscribe to continue reading.
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