Honestly, I cannot predict when Bernanke will unveil QE 2. All I can say is that it largely does not matter in the grand scheme of things. Yes, it will cause some short-term volatility. But ultimately QE 2 will simply be a catalyst that speeds up the processes that are already underway. Those processes are:
1) Systemic collapse
2) Destruction of fiat money
3) Massive loss of wealth
The 3 1/2 point sell off in the futures for the 30 year Treasury bond (TBT), at the end of last week was the sharpest drop in 18 months. All it took to set was for Q2 GDP to come in at 1.6%, and for Ben Bernanke to remain silent about any plans to flood the markets with more liquidity. After yields bottomed in 1956, bonds suffered negative returns for 30 years! Here come the 18% mortgages. One more equity puke out in September could easily give us the real thing. (TBT), (TMV), (TIPS).