In the face of stagnant wages, higher food and energy prices act as a tax on nearly all...

|By:, SA News Editor

In the face of stagnant wages, higher food and energy prices act as a tax on nearly all consumers, negating the narrowly dispersed wealth effects from higher equities. Hoisington Capital concludes QEII to be ineffective at increasing aggregate demand, and remains bullish on long-term Treasuries.