scott sumner is an economist with a blog called MoneyIllusion.comHis econtalk interveiw makes me think the Fed is not out of ammo to boost asset prices, if not the real economy. 'Inflation targeting'or in sumners's preferred phrase 'nominal gdp targeting. He thinks theFed will do this if we get a Europe crash moment like Lehman. Makes me despair for a moment like March 2009 when the world is so hopeless. Stock buyers may have to settle for a shallower pullback, like in the 70s bear.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra