Submitted by Phoenix Capital... on 11/14/2010 - 22:35
Ben Bernanke Precious Metals US Dollar Index
The Fed initially claimed QE 1 was an emergency measure that would save jobs and the US economy. Amazingly this one time emergency measure (which failed to do anything for the US economy, I might add) has now become a way of life for the Fed.
Indeed, QE 1 never really ended as the Fed continued juicing stocks every options expiration week even after QE 1 was supposedly completed. And yet, despite this, the Fed has now announced QE lite and QE 2.