Interesting congressional testimony by David Malpass shows how quantitative easing is providing cheap loans to the federal government and big businesses, but drying up loans to small businesses/sole proprietorships, the drivers of new employment. M2 has crashed.
When this all unravels, it will be ugly.
http://financialservices.house.gov/uplo ... 130305.pdf
Fund Prices2024-04-15
| Fund | Price | Day | YTD |
| G | $18.18 | 0.04% | 1.23% |
| F | $18.64 | -0.61% | -3.02% |
| C | $79.24 | -1.20% | 6.56% |
| S | $77.27 | -1.66% | 0.23% |
| I | $41.14 | -0.29% | 2.38% |
| L2065 | $15.75 | -0.94% | 4.19% |
| L2060 | $15.75 | -0.94% | 4.19% |
| L2055 | $15.76 | -0.94% | 4.19% |
| L2050 | $31.64 | -0.81% | 3.38% |
| L2045 | $14.44 | -0.76% | 3.24% |
| L2040 | $52.80 | -0.71% | 3.11% |
| L2035 | $13.96 | -0.65% | 2.96% |
| L2030 | $46.52 | -0.59% | 2.83% |
| L2025 | $12.97 | -0.32% | 2.08% |
| Linc | $25.35 | -0.25% | 1.78% |