QE1 pumped $2,000,000,000,000 into the economy, with nothing to show for it. QE2 — a steal at just $600,000,000,000 didn’t do much, either. So then, naturally, here comes QE3:
The Federal Reserve is likely to step in with $1 trillion worth of easing that could be announced as soon as this month, according to a growing consensus of economists who see the recent uptick in economic growth as unsustainable.
What’s another $1,000,000,000,000 among friends?