Fed says QE is Really Very Super Extra Terrific [Eurodollar University, Ep. 187]

The US government bond market appears to be out of step with CPI, a booming economy and money printing by central banks - what gives? We review two Federal Reserve officials explain that QE is very, really, super powerful (and that's why the bond market signals are haywire). -----EP. 187 TOPICS----- 00:00 INTRO: Federal Reserve officials say QE is very effective. 01:18 The US Treasury yield curve have been flattening for many months now. 03:49 Bill Dudley wrote a column for Bloomberg on August 9... the anniversary of the end. 05:50 Dudley says the economy is booming and bond yields are wrongly way, way way too low. 07:49 Dudley explains the low yields as 1) too much global savings. 09:40 Dudley explains the low yields as 2) QE being very powerful. 10:27 QE is supposed to work via three channels: sentiment, portfolio and bank reserves. 14:19 Fed President Esther George said 12-years of QE has lowered 10-year yields by 1.5%. 19:31 Most all studies of QE show it to be a meek policy with modest, underwhelming results. 21:21 Low bond yields are not a result of meek / modest / underwhelming QE. 22:47 OUTRO: Central bankers are desperate to discredit the bond market. ---EP. 187 REFERENCES--- Bond Yields Can’t Stay This Low Forever: https://bloom.bg/3HLezRO Another Attempt At QE/Inflation: https://bit.ly/3HIQStl Everything Is About Obscuring the True State of the Economy: https://bit.ly/3Ls0ivG Alhambra Investments Blog: https://bit.ly/2VIC2wWlin RealClear Markets Essays: https://bit.ly/38tL5a7 ----SEE ALL EPISODES---- YouTube: https://bit.ly/310yisL ---HEAR ALL EPISODES---- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Reason: https://bit.ly/3lt5NiH Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Breaker: https://bit.ly/2CpHAFO Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB PlayerFM: https://bit.ly/3piLtjV Podchaser: https://bit.ly/3oFCrwN PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr --------THE TEAM-------- Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. -----FIND THE TEAM------ Jeff:   / jeffsnider_aip   Jeff: https://alhambrapartners.com/author/j... Emil:   / emilkalinowski   Emil: https://www.EuroDollarEnterprises.com David: https://DavidParkins.com/ Terence: https://www.VisualFocusMedia.com ----------TAGS---------- #JeffSnider #FlatYieldCurve #QE #BillDudley #EstherGeorge