The Federal Reserve’s 3rd round of quantitative easing (aka, QE3) has not produced the desired effects since it was announced in September 2012. Economists and media talking heads were talking hyperinflation along with booming GDP growth.
But what we got has DECLINING inflation and global GDP expectations.
American wage growth is stalled as well.
At least Michael Douglas got a tee-shirt in the movie “The Game.” All we got was a lousy economy.
And global billionaires attending the Davos Summit in Switzerland got $55 Ceasar Salads and $47 hamburgers.
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