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Sustained Unemployment Confirms The Failure of QE-2

By Implode-Explode Heavy Industries

``The unemployment numbers are giving lie to the notion that QE-2 could kickstart anything?except inflation. And that inflation is about to hit the United States... Ben Bernanke paid $600 billion for a 1% drop in unemployment in the United States, and a big inflation spike in the rest of the world. Sounds to me like a horrible bargain.''

Full post as published by Mortgage Lender Implode-o-Meter on March 04, 2011 (boomark / email).