The Phaserl


This Chart Is A True Picture Of How QE “Solved” The Unemployment Crisis In America

from Testosterone

The unemployment rate’s drop from 10% in October 2009 to 6.7% now is rock-solid proof, according to the deafening backslapping noises emanating from the Fed, that the masterfully thought-out, heroically executed money-printing binge and zero-interest-rate policy – lovingly dubbed QE and ZIRP by their beneficiaries on Wall Street – has been a resounding success.

Other measures that the Bureau of Labor Statistics publishes do not necessarily support such a glorious endorsement. The long-term unemployment fiasco has now even wormed its way into Fed Chair Janet Yellen’s parlance. And then there is the BLS’s Employment-Population Ratio.

That’s where “dismal” comes in.

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