More QE is certainly a given. Default or monetise are the only 2...

More QE is certainly a given. Default or monetise are the only 2 options on the table, oh, unless of course you expect to see sustained growth rates of 5% or more per annum in the western world in order to REALLY service and reduce the mountain of debt.

Inflate & debase is what the ECB and FED will do, they know no other way.

If I had to bet, there will be NO major QE again this time, certainly not from the FED. They will wait till the dow drops significantly, unemployment goes back over 9% or 10 year yields drop below 1%. Now, all that can't be far off.

Probably back to 40c or below on the announcement of no more bazooka action from the FED for the time being. Accumulate