If you needed any confirmation that the next round of QE is just around the corner, here it is. Just headlines for now. As the US is in a pretty "bad downturn" right about now, it is only a matter of time before Bernanke flips the turbo-print switch. Recall that Bob Janjuah expects the Fed to launch a new $5 trillion QE version by early 2011. The odds of him being right just went HFT caught in a short squeeze. Bullard also noted that QE will be removed eventually and in due course, which he presumably equated with a 5 year period. Expect ZIRP to last through 2015 at least. By then US debt/GDP will be around 100x (not %).