Thoughts on business school, economics, NC State, and everyday life from an economist at NC State's business school
Tuesday, January 4, 2011
How is that QE2 thing working out for you?
Fed announces aggressive plan to buy long term bonds to lower long term interest rates and stimulate the economy. Contrary to expectations, fears of inflation lead to slightly higher long term interest rates. Don't pull on Superman's cape and don't mess with the bond market.
Steve Allen is Associate Dean for Graduate Programs and Research in the College of Management at NC State University. He has appointments in the Department of Economics as well as the Department of Management, Innovation, and Entrepreneurship.
No comments:
Post a Comment