Welcome news indeed if you didn't blossoming bubbles created by all the stimulus about ready to burst... I ask again WHEN can you achieve 'escape velocity'? I mean GDP growth and your form of 'inflation' that relies on people not eating or use fuel would have to reach what level before QE could, in your opinion, be ended and the Fed could consider it's portfolio (at a loss but not really relevant as Bernanke has a monopoly on counterfeiting). If the stock market crashes next week - and the latest Fed minutes reveal talk of bubbles - can QE end or be 'tapered'?
It is interesting that both yourself and DOR/David now admit that these policies are essentially about "financial liquidity" in David's terms and "goosing demand" (which I assume means increasing demand); things that the savings declining mean will ONLY increase debt for the average citizen. It is sufficient for today's 'liberals' to ensure - as DOR said previously - that when the average person goes to his/her ATM they can withdraw money. Doesn't matter that the money they withdraw buys increasingly less... some form of 'liberalism' this is that seeks to empower the bankers over the common person. Do you not see that your in pro establishment views you advocate and defend policies that are detrimental to precisely those whom you claim to be helping? It is NOT enough to have the ATM dispensing money - not 1/$85bn per month enough! You CANNOT create wealth from a magic pc - only money; a dilution and redistribution of the wealth that already exists - and of course more debt. Time to start facing facts.