£150,000,000,000 of QE (about £2,400 for every head in the country), 0.5% interest rates... and we're still in
negative growth. They have no ammo left! As these funds dry up into 2010 and the government is forced to raise interest rates against continued rising unemployment, where will this leave the economy?
American banks continue to fail, foreclosures continue at a record rate, unemployment has by no means peaked. Nothing has changed since we entered this downturn! And yet stocks have already rebounded 50%!
Hold onto your hats
