QE1 and QE2 were useless

Marc Faber : What has QE1 and QE2 done for the labor markets? Nothing at all. It’s done nothing for the housing markets. It’s lifted stocks and it created wider wealth inequality in a sense that people who own assets have done very well, and people that are the lower-income recipients groups, they are hurt by rising energy prices  and food prices - in Bloomberg

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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.