March 8, 2012
Americans Don't Gain From Fed Inflated Asset Prices
James Groth, RealClearMarkets
The last time the price of Brent crude closed below $100 a barrel was Oct. 6, 2011. It’s since gone up nearly 30 percent, to a high of $126.20 on March 1. Tensions over Iran’s nuclear program have people spooked that a potential attack would disrupt the country’s 2.2 million barrels of daily oil exports. . .
TAGGED: Federal Reserve System, Quantitative Easing, James Groth