mongombolo's - deep penetrations - wednesday, page-19

QE1 + 2 contributed to give managers, wall street bankers and their pals a "get out of jail for free" card overall. A ponzi scheme where everyone knew that it was unsustainable.

How did it help employment, manufacturing, GDP, inflation and US revenues? It's had very little impact for the cost of doing so. GDP has been revised downward to near 0.4 and unemployment dipped temporarily.

Unfortunately the masses will be left to clean up the mess. And more unfortunately we'll probably see house prices continue to fall and conservative nit wits get voted in.