Economics
Here's How Much QE Helped Wall Street Steamroll Main Street
- Bank of America says asset gains have outpaced wage growth
- Markets haven't priced in `quantitative failure,' bank says
U.S. Economy: Should the Fed Be Worried?
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Wall Street is counting its winnings from seven years of easy money.
In a report sent to clients on Sunday, Bank of America Corp. strategists totted up the results of 606 global interest-rate cuts since the collapse of Lehman Brothers Holdings Inc. and the $12.4 trillion of central bank asset purchases following the rescue of Bear Stearns Cos.