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I prefer to think of it as Democrats benefiting from the efforts of Republicans.
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I prefer to think of it as Democrats benefiting from the efforts of Republicans.
The IMF states that the policies also contributed to the improvements in market confidence and the bottoming out of the recession in the G-7 economies in the second half of 2009.[58]
Economist Martin Feldstein argues that QE2 led to a rise in the stock-market in the second half of 2010, which in turn contributed to increasing consumption and the strong performance of the US economy in late-2010.[59]
In November 2010, a group of conservative Republican economists and political activists released an open letter to Federal Reserve Chairman Ben Bernanke questioning the efficacy of the Fed's QE program. The Fed responded that their actions reflected the economic environment of high unemployment and low inflation. http://www.usmessageboard.com/newreply.php?do=newreply&noquote=1&p=5344175
I prefer to think of it as Democrats benefiting from the efforts of Republicans.
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What is the risk of all of this?
Higher inflation, if too much money is pushed into the economy. Lower interest rates are used to drive down inflation.
So banks don't lend because yields go down.......and if they stop lending the purpose of Quantitative Easing falls apart.