The Fed ended its bond purchase program last
week and the bar has been set fairly high for
restarting more QE.
The economy is in far better shape today,
compared with the start of QE in 2008 and
the end of QE1 and QE2.
It is probably too soon to know if QE has
“worked,” and the better question may be, can
the U.S. economy stand on its own without QE?
We believe the BOJ and ECB are likely to do