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#56: Joseph Wang On How The Fed Forever Altered The Investing Landscape

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Negative Wealth Effect of Quantitative Easing

Quantitative easing pushed those asset prices higher. Maybe you would take some of those gains and spend them on goods and services, he says. Fed policy takes asset prices into account more so since the financial crisis than they did in the past.

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