For The First Time Ever, QE Has Officially Failed

This is the other side of unintended consequences.  The QE mechanism is rather esoteric, so to put it in layman's terms:  what goes up, must come down.  With rising yields, bond prices drop, which will tank the equities and real estate markets.

Another way to put it is:  there is no free lunch.  Running the money printing press doesn't build long-term wealth.  It enables capital misallocation and increases the debt burden.

http://www.zerohedge.com/news/2015-06-25/first-time-ever-qe-has-officially-failed