Do You Think We're at Full Potential?

Unemployment rate in the U.S. is as low as it's been in 50 years, says Jeff Kagan. But that doesn't mean we're operating at full potential and wage inflation hasn't shown up - he argues. In Europe over the last 15 years, QE has had almost no effect on interest rates whatsoever, writes Kagan. This lack of money produces a high level of demand for safe liquid instruments, which also means you aren't going to be lending to small and medium-sized businesses,' said Kagan.