HOISINGTON: Quantitative Easing Has Been Devastating For American Households

Tuesday, October 16, 2012
By Paul Martin

Lucas Kawa
BusinessInsider.com
Oct. 16, 2012

John Mauldin recently pointed his readers to Hoisington Investment Management’s recently released Q3 Quarterly Review and Outlook.

Authored by Van Hoisington and Lacy Hunt, the two go after the Federal Reserve’s easy monetary policies and they view QE3 as “a tacit admission by the Fed that earlier efforts failed.”
Not only have they failed to boost the economy, they’ve also caused “devastation for households.”

The Rest…HERE

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