The Fed’s quantitative easing experiment gets a failing grade
Breakfast with Benjamin: A Fed official put some of the central bank's post-financial crisis actions under a magnifying glass and found they have done little to boost the economy.
- So, about that record-level $4.5 trillion quantitative-easing program. Well, it turns out it didn’t actually boost the economy. Oops. The Fed is not nearly as data-dependent as one might have hoped.
- The key to investor harmony right now is to simply accept the fact that central bankers are not super heroes. They can’t stop bubbles from popping.
- Next on the EPA’s hit list: Methane emissions. Trouble is, methane exists throughout the energy cycle. Get ready for Flintstone cars. The latest global warming threat.
- If you’ve got clients who are itching to tie the knot for the second time, pay close attention. The first marriage is for money and the second is for love — and money.
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