FED's Dudley warns of falling house prices and cut in government spending as threat..

for economic recovery....

http://www.marketwatch.com/story/risks-to-recovery-have-increased-feds-dudley-2011-06-10

I recall the same warnings before QE I, QE II....

 

I'm sure we'll hear them before QE10.

 

Wonder which QE number they'll be forced to stop?

At 4 they'll be a few riots, at 5 they'll be even more, so I think 6 is when they'll be forced to stop.

Remember Churchill -

"You can always count of the Americans to do the right thing, but only after they've tried everything else".