LONDON (ICIS)--Click here to see the latest blog post on Chemicals & The Economy by Paul Hodges in which he analyses how the US Federal Reserve (Fed) policies has been unsuccessful to lift demand among retired baby boomers, as well as its consequences for corporate pension funds.
“It has always been obvious that the Fed could not possibly control the economic fortunes of 321m Americans. Common sense tells us that demographics, not monetary policy, drive demand,” says the author.
“Unfortunately, vast amounts of time and money have been wasted as a result. The path back to fiscal sanity will be very hard indeed.”Editor’s note: This blog post is an opinion piece. The views expressed are those of the author and do not necessarily represent those of ICIS. Paul Hodges is the chairman of consultants International eChem.