The End of QE2: It's Time to Make the Donuts
Apr 15, 2011
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By Tony Crescenzi
Bond Market Strategist
QE1 and QE2 were necessary solutions at a time when the U.S. financial system was on the brink, but they have created a profit illusion that is unsustainable. It is time for the Fed to deal with the deleveraging process head on.