Strategos Wrote:
May 08, 2012 7:12 AM
Last I heard, it had halted the free-fall of the Dow and S&P -- stabilized financial institutions -- and put some kind of bottom under the housing market. Since the 'leveraged' loss of capital from money supply approached $4 trillion, that stimulus itself wasn't enough to fully plug the hole. Lending is still difficult to get, for small business & residential. If the stimulus had been excessive, we'd see inflation & low unemployment. We don't.