Tag Archives: smart money

What Happens When More QE Fails to Reverse the Recession?

The Federal Reserve’s sudden return to “accommodative” dovishness in response to the stock market’s swoon telegraphs its intent to fire up QE once the recession kicks into gear. QE (quantitative easing) are monetary policies designed to ease borrowing and the issuance … Continue reading

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If “Everybody Knows the Economy’s Doing Better,” What Is That Information Worth?

One investment truism holds that information known to everyone has no value.The reason is that there’s no trading edge in information everyone knows. Trading edges result from information asymmetry, when a limited set of traders has information that is unavailable … Continue reading

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