Criticizing the U.S. Federal Reserve (Fed)’s quantitative easing (QE) policy can be difficult for an academic or respected financial professional. Difficult because outwardly it appears to be working so well. The stock market is at all time highs, and real estate, particularly in wealthy neighborhoods, has once again skyrocketed. But criticize is what a number of esteemed academics and financial practitioners did in 2010 and they are holding to their critique today, according to a report from Bloomberg. Fed’s QE program would distort financial markets In November of 2010, a letter signed by a horde of well-known academics, economists and…
Fed QE Critics From 2010 Hold To Their Statements
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.