Why is it that after a long period of unprecedented monetary policy initiative of $85 billion monthly expenditures to buy back government securities -- granted that it is being trimmed down -- we have not witnessed a significant economic growth and still arguing about the direction of job creation?
No other commodity has that type of influence on our economy and the economy of the world. If that is true, the question then is why do we treat it in the same manner we treat other commodities with less simultaneous pronounced effect on both domestic and global economy?
The Fed has been trusted with the responsibility of keeping inflation and unemployment low. Because of the inverse relationship between the two, policy makers have not always found it easy to carry out both assignments.
Should we really believe that 20 million people purchasing luxury goods such as jewels, fashion, yachts, private planes and lavish international travel will be a major boost to the U.S. economy! Come, on.