What Can the Fed Do?

(1) Central bankers can’t do it alone. (2) Four options with drawbacks. (3) What’s the point of QE2? (4) Extending the extended period of ZIRP. (5) IOER is already near zero. (6) Bernanke’s hubris. (7) The unmentionable fifth option. (8) Hooray or last hurrah for profits? (9) More upside in profit margins? (10) A setback for capital spending. (11) A post-incentive depression for housing. (12) More meandering during September and October. (13) Industrious Industrials. NOTICE: Our Morning Briefings are now available on FactSet.