QE2 – Alhambra Investments

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Little noticed at the time, October 2012 was quite the roller coaster. Most anyone cared about was QE3, the wonderful, awesome flood of liquidity kindly wise-man Chairman Bernanke had restarted for reasons that didn’t seem so important. Did it matter to the public that the repo market went haywire late in that very same month, at the very same time [...]

I Never Said The Fed Wasn’t Good

By Jeffrey P. Snider|2020-01-29T16:44:30-05:00January 29th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There he was, the Fed Chairman stumbling through a question about headwinds and transitory factors. No, not Jay Powell in January 2020, this was Ben Bernanke in June 2011. The Fed had just downgraded its recovery forecasts (again) and some in the media weren’t getting it. After all, QE2. It was this enormously powerful monetary agent introduced for a second [...]

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I Never Said The Fed Wasn’t Good

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