Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.

Andre Gide

Wednesday, November 17, 2010

QE2 in Five Easy Pieces

A lot of people appear confused about QE2 and the Fed has recently come under a lot of attack following its recent announcement. Well, maybe the following will help a bit.  James Bullard, president of the St. Louis Fed, recently delivered a speech on QE2 entitled QE2 in Five Easy Pieces. For those that are interested, you can view his presentation slides here.

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