The Fed and others were again overly optimistic about the extent to which these policies would boost GDP growth. Despite the fall in long-term interest rates, house prices reached bottom only in 2012, and the stock market did not rise faster than corporate earnings until 2013.
美联储和其他人再次对这些政策促进GDP增长的程度过于乐观了。尽管长期利率下降，房价直到2012年才触底反弹，而股市的回报在2013年才赶上了企业盈利的速度。