The last QE should have the most significant effect in re-inflating the housing bubble. Unlike previous QE, people were worried that the FED will take away the stimulus when the inflation rises.
Now FED is saying that it doesn’t care about inflation anymore, as long as the unemployment rate is high…it will keep the QE forever.
And we all know that unemployment has more to do with the quality of education than with liquidity. And with the education costs rising, I doubt it will ever go down to the level that makes FED happy.
