Is Something Heating Up Under the Blanket of Snow?
February 01, 2011 at 13:51 PM EST
As you may know, both real and nominal GDP growth were a bit disappointing in the fourth quarter, especially nominal growth. On the other hand real final sales rose at the fastest rates in more than 20 years. This led David Beckworth, Bill Woolsey and Marcus Nunes to suggest QE2 was already working (recall it [...]