Facing the grim reality that the original "stimulus" was not bringing the U.S. economy back from the recession as hoped, on November 3, 2010 Federal Reserve Chairman Ben Bernanke launched a bold (some would say foolhardy) plan to help stabilize the increasingly shaky financial sector. Quantitative Easement v.2, QE2, was proposed by fed "experts" as the only viable means to slow the precipitous drop in value of the dollar and subsequent loss of faith in the U.S. government's ability to cover its massive debts. In short, the Fed's plan to buy $600 billion in Treasury securities was an attempt to speed up the slow (perhaps nonexistent) economic recovery and make investors happy again. So, in light of the ever deteriorating economic conditions we are still experiencing, the obvious question would be, how'd it work?  From MarketWatch.com: The truth? QE2 has created a massive new bubble in dollar-based financial assets, from ...(Read Full Post)