The Winners & Losers Of The Fed’s QE

The jury’s still out on how history will treat the Federal Reserve’s unprecedented stimulus program.

After the central bank pushed its main policy rate to zero in December 2008, it started buying hundreds of billions of government debt and mortgage-backed securities to keep longer-term interest rates low. That became known as quantitative easing.

The real punch of the strategy wasn’t in the quantity of money the Fed was putting in the banking system. It was in the amount of bonds it was taking out of the market, which forced yields down. Total assets on the Fed’s balance sheet today stand at $4.5 trillion compared with $891 billion at the end of 2007.

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OPEC Meeting Later This Week

OPEC expected to leave crude oil output unchanged, showing how cartel’s power to sway prices has ebbed

 

Source: http://www.wsj.com/articles/opecs-pricing-leverage-is-weakening-1433117819

U.S. Drug Shortages Frustrate Doctors, Patients

Drugs in short supply include cancer treatments and antibiotics; manufacturing snafus

Read More: http://www.wsj.com/articles/u-s-drug-shortages-frustrate-doctors-patients-1433125793

Required Reading Of The Day

Are You ‘Over-Exposed’ Online? Lessons From IRS Hack – Fox Business

A Game Changer in Cancer Treatment – Fox Business

FOX Business Network’s New Line-Up – Fox Business

Macau’s Casino Revenue Drops 37% Bloomberg

Beau Biden, son of U.S. vice president, dies at 46 – Fortune

This 1958 Fortune article introduced the world to John Nash and his math – Fortune