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Stock markets gone wild

Today the BBC reported I remembered something I wrote in the Wall Street Journal just over two years ago As a result of this liquidity infusion (Quantitative Easing)—which the Fed last week cut to $75 billion a month—stock markets have nearly doubled since 2009 while the “real” economy has hobbled along with 2% growth. This perverse […]

https://phelanomics.wordpress.com/2016/01/29/stock-markets-gone-wild/


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