'Richard Koo, chief economist at Nomura Research Institute, talks about Federal Reserve monetary policy' http://www.bloomberg.com/video/69026962/
Awesome interview, this guy is right on the fucking money....QE2 did absolutely nothing for the economy, NOTHING, all it did was create more inflation and more asset bubbles! Bubble ben bernanke thinks the credit crisis is completely over, but he has no clue what the fuck he is doing, all this QE is doing nothing just like Mr. Koo said. This economy is more broken now than just a year ago.
agree, qe2 has done jack for the US economy. but then again, it really wasnt intended to do anything for main street. it was to replenish the big banks.