Federal Reserve’s Bubble Alarm Is Stuck on Snooze: Jonathan Weil
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The Federal Reserve’s policy of unrestrained quantitative easing has worked like rocket fuel for U.S. stocks this year. Case in point: Rocket Fuel Inc.
It’s the sort of company that probably couldn’t have done an initial public offering absent a raging bull market. Rocket Fuel says its business is “big data” and “artificial intelligence” (as opposed to real intelligence). Mainly, it helps advertising agencies place orders for online ad campaigns.