.Yesterday, we learned that the Federal Reserve took an aggressive approach in extending its newest vehicles of monetary easing. In conjunction with President Obama's recently announced mortgage modification program, this could add significant stimulus to the US economy.
I am trying to avoid getting mired in the short-term news cycle by avoiding the financial media as I concentrate on the medium- and longer-term issues to push this article out. In this Credit Writedowns Pro article I will outline why the Fed has taken these measures and what their impact could be on the US economy and asset markets. I have been anticipating economic weakness in the US in part due to less accommodative fiscal policy. However, I believe these recently announced efforts are bullish policy initiatives and t...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.