Tag Archives: quantitative easing

The Myth the Economy is Recovering

The Dow hit a new record high yesterday, topping 14,264. The previous record was 14,198.10, set in October 2007, when investors were squarely focused on the Federal Reserve (Fed). The Fed had cut rates for the first time in four years and bought over $40 billion a month of toxic debt from banks because the housing implosion was hitting consumers and

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