what is it good for =0 but debt and the end of capitalism
It is a failure, but people will only realize this after the fact, they wont realize it now since the markets are up over 100%, take away QE 1 and QE 2 and lets not forget QE 3 and the SPX would still be sitting under 800!
Bears were right all along. the Con Capitalists simply exploited the short bears.
You're wrong. The goal of QE is not to help the real economy but to goose the stock market, and it is working.
13 consecutive quarters of GDP growth.
of course because of QE, take out QE and it would have been negative all the through!
except for last Q which had to be revised to show +0.2% eventually. That that is some growth.
If they had taken that same money and put it into job training and infrastructure we might not be in this mess.
QE is not government money and its use is restricted by law..