| The Fed's QE2 program was a failure as far as the economy is concerned. The U.S. economy is in considerably worse shape than last summer when the Fed attempted to come to the rescue with its QE2 flood of extra dollars into the global financial system.
But QE2 did have a big effect on global stock markets by producing hope that it would work to rescue the economy. And it had an equally large effect on commodity prices that had investors plowing money into commodity trading at a never before seen pace..............................................Full Article: Source
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