HOISINGTON: Quantitative Easing Has Been Devastating For American Households
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.”