Monday, April 8, 2013

Spengler..........................

............if feeling a bit grouchy:

No magic bullet — not the Fed, not the energy boom, not the modest improvement in home prices- — is going to get the U.S. economy out of what Nobel Prize laureate Edmund Phelps calls a “structural slump.” This isn’t a new depression. It’s not even a double-dip recession. It’s just a permanent headache.

Full post is here.  It contains this interesting chart of the Federal Reserve's recent purchases of Treasury and mortgage-backed securities is below.  I wonder what happens next?



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