Well, this hasn’t been the May most investors hoped for. In fact, it’s been pretty much an unmitigated disaster. For a good point of reference on how painful May has been so far, just look at the S&P 500. The bellwether index has essentially gone from 1,400 to 1,300 in two weeks. Ouch. The pummeling [...]
Tag: "monetary policy"
The Fed’s QE2 program is destined to become one of the most talked about economic policies of our generation. The debate on whether or not the program was necessary, and what impact it had, will probably rage on for years. So what do we really know about QE2? And more importantly, was it a waste [...]