Fed says QE is Really Very Super Extra Terrific [Eurodollar University, Ep. 187]

The US government bond market appears to be out of step with CPI, a booming economy and money printing by central banks - what gives? We review two Federal Reserve officials explain that QE is very, really, super powerful (and that's why the bond market signals are haywire).------EP. 187 TOPICS------00:00 INTRO: Federal Reserve officials say QE is very effective.01:18 The US Treasury yield curve have been flattening for many months now.03:49 Bill Dudley wrote a column for Bloomberg on August 9... the anniversary of the end.05:50 Dudley says the economy is booming and bond yields are wrongly way, way way too low.07:49 Dudley explains the low yields as 1) too much global savings.09:40 Dudley explains the low yields as 2) QE being very powerful.10:27 QE is supposed to work via three channels: sentiment, portfolio and bank reserves.14:19 Fed President Esther George said 12-years of QE has lowered 10-year yields by 1.5%.19:31 Most all studies of QE show it to be a meek policy with modest, underwhelming results.21:21 Low bond yields are not a result of meek / modest / underwhelming QE.22:47 OUTRO: Central bankers are desperate to discredit the bond market.----EP. 187 REFERENCES----Bond Yields Can’t Stay This Low Forever: https://bloom.bg/3HLezROAnother Attempt At QE/Inflation: https://bit.ly/3HIQStlEverything Is About Obscuring the True State of the Economy: https://bit.ly/3Ls0ivGAlhambra Investments Blog: https://bit.ly/2VIC2wWlinRealClear Markets Essays: https://bit.ly/38tL5a7-----SEE ALL EPISODES-----YouTube: https://bit.ly/310yisL----HEAR ALL EPISODES-----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr---------THE TEAM---------Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. Episode intro/outro music is CABO by Superintendent McCupcakes from Epidemic Sound.------FIND THE TEAM-------Jeff: https://twitter.com/JeffSnider_AIPJeff: https://alhambrapartners.com/author/jsnider/Emil: https://twitter.com/EmilKalinowskiEmil: https://www.EuroDollarEnterprises.comDavid: https://DavidParkins.com/Terence: https://www.VisualFocusMedia.com