ML-Implode News - "The Man Who Sold the World"

Not surprisingly,Â the National Employment Law ProjectÂ also concluded that,Â "TheÂ unbalanced recession and recovery have meant that the long-term rise in inequality in the U.S. continues. The good jobs deficit isÂ now deeper than it was at the start of the 21st century."
Since the financial meltdown in 2008, the Fed has been expanding its balanceÂ sheet. Bernanke believes, without evidence, that his balance sheet policies are effective:Â "After nearly four years of experience with large-scale asset purchases, a substantial body of empirical work on their effects has emerged. Generally, this research finds that the Federal Reserve's large-scale purchases have significantly lowered long-term Treasury yields... These effects are economically meaningful."

Relevant:

"The Man Who Sold the World" - Market Shadows (9/2)