The Fed’s announcement last week of a third dose of Quantitative Easing has sent the market to new post-crisis highs. We’ve discussed why QE3 will have a strong impact, and the particular effect on retirees. Now, from Marketplace’s Paddy Hirsch, whiteboard master, here’s a helpful explanatory video on what QE hopes to achieve and the potential downside:
AUTHOR
You may also like
Better news on the jobs front hasn’t erased other market fears
An inverted yield curve could signal market troubles ahead
Stocks notched a solid gain last week, driven by the Fed’s decision, May’s inflation report, and Apple’s AI-related news.
Here are 7 of the best stories from around the blogosphere that put JP Morgan’s $2 bln loss in context: