[lbo-talk] Does QE2 work?

[Mike Beggs]

On Thu, Nov 4, 2010 at 10:01 AM, Doug Henwood <dhenwood at panix.com> wrote:
> They can buy all the bonds they want but they can't make the banks lend out the cash. Until that changes, QE2 is bupkes.

The proverbial pushing on a string.

Mike