aei – Alhambra Investments

QE ‘Worked’ Because We Aren’t ‘Yet’ Europe?

By Jeffrey P. Snider|2014-11-04T16:36:40-05:00November 4th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

Never one to miss a chance to prove how much Keynesian philosophy and monetarism are compatible, the AEI (a think dedicated to American Enterprise?) and James Pethokoukis would like you to know just how much QE “worked.” The logical and empirical “proof” of that efficacy, and thus why you should “thank” Ben Bernanke at the same time Yellen’s FOMC is [...]

A New Definition Of Acceleration

Courtesy of James Pethokoukis of the AEI, today we learn that Joe LaVorgna, Chief Economist at Deutsche Bank, noticed, “Over the past year, the US economy has demonstrated a significant acceleration.” The reason for such cheeriness is the “private economy.” In other words, if you take out the “fiscal drag” of purported austerity, the indication of GDP is very encouraging. [...]

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