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Saturday, October 13, 2012

Why QE3 Is Destined to Disappoint

Why QE3 Is Destined to Disappoint

Nouriel Roubini, Project Syndicate
The United States Federal Reserve's decision to undertake a third round of quantitative easing, or QE3, has raised three important questions. Will QE3 jump-start America's anemic economic growth? Will it lead to a persistent increase in risky assets, especially in US and other global equity markets? Finally, will its effects on GDP growth and equity markets be similar or different?http://www.realclearpolitics.com/2012/10/13/why_qe3_is_destined_to_disappoint_292974.html

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