More on the Fed – Obama stimulus plan

My last weekly said the hand-in-hand Fed activism and fiscal activism via Obama's mortgage proposal is bullish. Let me add a bit of colour here.

I never say anywhere that I advocate the policy. My goal is not to advocate one economic policy over another per se, but rather to figure out what is likely to occur and what the consequences will be for the economy, business, households and investors.

What I do think here is that the proposed policy response will goose the economy (and asset pric...


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