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: Mortgage Lender Implode-o-Meter

QE2 in round trillions

By Implode-Explode Heavy Industries

``If Ben Bernanke does a further $2 trillion (on top of the $1.7 trillion already in the bag) the yield on 10-year US Treasuries will drop 50 basis points to around 2.2pc. GDP growth will be 0.3pc higher than otherwise in 2011 and 0.4pc higher in 2012. The unemployment rate will be 0.3pc lower in 2011 and 0.5pc lower in 2012 ? (in other words drop from 9.6pc to 9.1pc, ceteris paribus). That looks like trivial returns for a collosal adventure into the unknown, with risks of dollar flight and mounting Chinese suspicions that the US intends to default on its external debts by debasement.''

Full post as published by Mortgage Lender Implode-o-Meter on September 22, 2010 (boomark / email).