A diary of the thought process behind my investment decisions
QE II Already Working
In Bernake's Washington Post piece he claims that QE II is already working and offers the rise in the stock market as evidence. I guess that means that the Tech Bubble was proof that the Fed's policies were working and the Real Estate bubble was proof that the Fed's policies were working because after all the market rose both times. If the stock market likes it than it must be good for the economy.