Phil Cannella – Phillip Cannella News: Phil Cannella provides listeners of Phil Cannella’s Crash Proof Retirement Show® with a unique opportunity to gain better perspective of Quantitative Easing in his interview with Professor Andrew Huszar.
Not sure where you should stand as you react to the tapering down of the federal government’s $1.2 trillion bond-buying spree? Did the largest economic stimulus in history have any merit?
Having worked for the federal government for years and then on Wall Street, Huszar was asked to marry his experience and become the quarterback of Quantitative Easing. In his recent article, Huszar stated, “I can only say I’m sorry America. I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as Quantitative Easing.”
When Phil Cannella asked Andrew Huszar if he is surprised that Quantitative Easing has been continuing for 5 years, Huszar responded with a yes, explaining that in the end he feels all he did was help recreate the economy that got us into this mess in the first place.
Will the tapering down of Quantitative Easing hurt the economy? This engaging exchange between Phil Cannella and Huszar suggests otherwise. Although Quantitative Easing did lead to a huge increase in the value of stocks, the data doesn’t support it helping the average American. In his opinion, it will helped Wall Street, but not the average American.
Is the Fed just being political and thinking about PR? Have we allowed our government to get too connected to Wall Street? Discover the answers in Phil Cannella’s engaging interview with Andrew Huszar.
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