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(The Year 2012 In Review)
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|User Info||Employment Report: Sucks; entered at 2011-06-03 08:17:11|
As Karl said, QE2 was designed to let the government keep deficit spending. You might say that QE2 was unemployment insurance for the government, it didn't make things better, it just kept the government going in place of real revenue.|
Now that QE is showing to not have stimulated the economy prepare for some serious deflation. Go over to theautomaticearth.blogspot.com and read up on what to expect and how to prepare. I've been on the fence for months but barring some engineered panic (still possible) that shocks CONgress into raisign the debt ceiling, it is deflation all the way.