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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2901990, member: 71723&quot;]Here you&#039;re correct. The potential damage is all on the back end, not the front. What the Fed did AFTER the 08/09 collapse WOULD HAVE caused inflation IF (which it did not) all that money (an insufficient to fairly moderate amount of QE compared to the size of the economy) had gotten loose into the economy at large, rather than where it went, which was to shore up the balance sheets of &quot;too big to fail&quot; financial institutions so they could pass contrived &quot;stress tests&quot;. See? There is plenty there to be critical of without going way out into &quot;woo woo&quot; land. Now with the Fed unwinding its portfolio of debt instruments, we can slowly get back to a normal state.</p><p><br /></p><p>If stressing the yield earning power of low-risk investments is what the price-to-pay was, I&#039;m more than okay with that.[/QUOTE]</p><p><br /></p>

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