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QE2 is fooling you

By Implode-Explode Heavy Industries

"The success of all these measures added together surely can't be seen as anything but ephemeral (re: unemployment and foreclosures), and the claim, if one were indeed made, that QE1 all by itself even just managed to keep the US economy in its present prolonged and drawn-out Wile E. Coyote moment, has no substance at all that is based on actual fact. Or, to put it another way, if QE1 achieved such a thing, which we don?t and can't know, the TARP and other stimulus measures were even grosser failures than we already recognize them to be."

Full post as published by Mortgage Lender Implode-o-Meter on November 06, 2010 (boomark / email).