US stimulus having no direct impactBY MARK SMITH | FRIDAY, 25 OCT 2013 12:00PMQuantitative easing is having little direct impact on the market, according to Cato Institute senior fellow Dr William Poole. Related News |
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Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.







Uh, let's see...a senior fellow from the Cato Institute, originally founded as the Charles Koch Foundation, has a very critical opinion of Fed policy and adds a cheap shot at regulations and taxes on his way out. Yeah, never saw that coming.
No impact?? Spare me! US equity markets are at record highs while economic growth continues to be soggy - no risk there. Double digit gains in residential property - didn't we re-remember property was a "real" (inflation related asset) after the crash?
The biggest impact is that returns from most assets look set to be low for a decade (with the cash hurdle rate being so low). This will impact people saving for retirement. QE is not a victimless crime!