Summed up in another way, most measures of employment have gotten worse since QE first began in November 2008. Even the headline number of 7.8% is at the same place as when President Obama started office in January 2009.
Most notably, the simple fact that Federal Reserve decided to enact an open-ended QE policy this past September tells everyone that the employment situation is bleak. The only question is whether or not the Fed is helping or hurting with its monetary policy.
Actually, there are additional questions for investors. What types of assets should you acquire in a currency-devaluing environment characterized by commodity price inflation and marginal economic growth?
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