Not much commentary is needed here.

For:

ABOOK Sept 2013 SP500Against:

ABOOK Sept 2013 E2 Final Sales ABOOK Sept 2013 E2 Trade Sales ABOOK Sept 2013 E2 Avg Weekly Earns ABOOK Sept 2013 E2 PCE DPI ABOOK Sept 2013 E2 US Gasoline Sales ABOOK Sept 2013 E2 US Energy Consump ABOOK Sept 2013 E2 Imports china ABOOK Sept 2013 E2 Imports ex petro ABOOK Sept 2013 E2 Imports ABOOK Sept 2013 E2 Dur Goods ex Trans ABOOK Sept 2013 E2 Dur Goods Cap

A broad range of views and data points reduces the possibility of randomness in trying to infer causation.  However, at some point you just have to look at all this and see the obvious relationships.

At best:  there is no correlation, the economy moved outside of QE’s influence.  The implication is that QE had/has no impact whatsoever.

At worst:  there is correlation, meaning the economy only responded negatively to “stimulus”.  Outside of the move in stock prices, economists would call this a negative multiplier.

Those are the only two choices.

 

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