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by Michael J. Mattie (Author)
Updated October 2016. The Federal Reserve System has taken the most extraordinary actions in its 102-year history since the 2007 - 2009 Great Recession, maintaining a key interest rate near zero-percent for seven years while creating $3.6 trillion in bank reserves. This initiative, dubbed Quantitative Easing or QE, has become the most important Fed policy of our generation. Learn why Quantitative Easing is largely responsible for the dramatic increase in stock prices since the Great Recession. Discover why the US and other nations have become addicted to QE as they attempt to avoid another drastic fall in equities. For investors approaching or in retirement, author Michael J. Mattie explains Quantitative Easing in easy-to-understand language. Financial advisors will also benefit from a deeper comprehension of the Fed and why QE4 is inevitable as the economy falters. How will it affect you and your investments? 2nd Edition, updated through October 2016 with current charts and new US debt figures.
Author Biography
After spending seven years in the USMC, followed by a short stint in the private sector, Michael joined the investment firm of Wheat First Securities in Philadelphia in 1991. During his tenure, he witnessed mergers with Butcher and Singer, First Union bank and finally Wachovia Securities. In 2007, Michael resigned from Wachovia Securities before they merged with Wells Fargo Advisors to join LPL Financial, the nation's largest network of independent financial advisors. With his entrepreneurial spirits revived, Michael founded Doylestown Wealth Management and purchased a small office building to accommodate additional advisors and office staff. Within LPL, he later merged with Great Valley Advisor Group to access the benefits provided by their hybrid RIA program. Michael earned his bachelor's degree in business from the University of Delaware before earning his commission in the US Marine Corps. As a captain and helicopter pilot, he was decorated for flying combat missions in Grenada and Beirut. As an active volunteer, he remains a dedicated Rotarian for over 27 years, serves as President of the Board of Directors for Family Service Association of Bucks County, raised funds to purchase and distribute over 2,300 wheelchairs in Argentina and Bosnia, and coaches his daughter's soccer team. A married father of five, Michael counts family as his greatest treasure.
