Summary: Ken Volpert, head of Vanguard's Taxable Bond Group argues that the Fed's earlier stimulus efforts were much more effective than "QE3" is going to be, and also discusses why we're likely to go over the fiscal cliff--for a little while.
Summary: Ken Volpert, head of Vanguard's Taxable Bond Group argues that the Fed's earlier stimulus efforts were much more effective than "QE3" is going to be, and also discusses why we're likely to go over the fiscal cliff--for a little while.