Expect Panic & Devastation As Control Of Markets Is Lost

Despite jawboning by the Fed, there will be no exit, because if the Fed stops buying US Treasuries and mortgage-backed securities, yields on the long end of the curve will soar.  And when interest rates soar, servicing the government's huge debt becomes unmanageable.  So yes, deficits and debts do matter.

Besides, QE doesn't stimulate the economy long-term, which is the official desired outcome.  QE was necessary to salvage the banking system from collapsing.  Issuing new debt to pay off old debt is what insolvent countries resort to before the inevitable default.

QE to infinity, bitchez!

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/15_Expect_Panic_%26_Devastation_As_Control_Of_Markets_Is_Lost.html