Is there any question in your mind that in early 2009, QE1 and end to mark to market accounting was about only thing between the market and all out collapse?
Then with nasty 16% summer correction in 2010 QE2 was born and lookey what happened.
DO I wish for the alternative outcome? NO, but you can forstall comeupins for so long, and at some point MUST reconcile your books.
Added to otherwise misery is now inflation of our food an energy....as the housing market lays DOA...how did other excursions into FED rate fixing and manipulations end?
Duratek
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