My latest post at Alpha Baskets looks at a bit of a hatchet job on economists who warned of dire consequences from QE and how they appear to have been wrong. Would they say they are just early? Some would, and have said that. The better question is why were they “wrong” or what if they were just early? Technically speaking that is possible. If that is possible then it is something to keep in mind for the future.
From the post;
Headline inflation certainly has not been problematic, if anything it is arguably too low and the US dollar has gotten stronger as QE has gone on. Actually it is better to think of the currency action being more about the other currencies being weaker because their governments/central banks need them to be weaker.
Please click through to read the rest of the post.