If you only read one post on the economy today, I think it should be this one from Tyler Durden. Mostly the graph.
If you read another post on the economy, try this summary of the week’s developments from Barry Ritholtz.
Between them it won’t take you five minutes. Digesting them will take quite a bit longer.
So what we see is the QE1 worked pretty well with a bit of a delay. After it stopped, its gains held pretty well. We can hope that the same will hold true after QE2. The question will be what happens as the Fed balance sheets are cleared. Oc course, we committed to most of that with AIG/Lehman.
Steve
Heh. Here’s your pickle. No, its not for eating, you are in it. You stop, you tank assets. You keep going, you debauche the currency and govt securities. At least that’s the way I see it.
Any national economic policy that isn’t supercharged with a pro-growth agenda is doomed. And Team Obama, their friends in the Congress and sycophants on boards such as these seem oblivious to that. Better to stick to Big Government and “kill the rich” and such. The people who will bear the brunt, as always, the “little guy.” Sad.