Tuesday, July 24, 2012
Richmond Fed Collapses
It's gonna be fun and games on Wall Street for a while. A little while, anyway.
Ultimately, any successful stimulative measure MUST get more money moving through more channels, i.e., increase velocity. The Fed's efforts have largely failed (aside from the TARP stuffing money scheme) because they are not able to do so in this environment.
Any future ideas have to be at least tested against that yardstick.
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