Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Oh, and they understood how much and how long these funds, including QE I and QE 2 would last and were able to "invest" them in markets, such as the stock markets, which they effectively have manipulated.

QE1&2, as I understand it, involved US sovereign bonds. Insofar as this is the case, the only extraordinary thing about them is that they are considered extraordinary.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed May 11th, 2011 at 02:40:50 AM EST
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