11 After Effects of The Fed's "Operation Twist"

For months, even before the end of QE2, analysts and prognosticators have been saying the Fed will have to do another QE and another, endlessly. These folks were surprised when it didn’t come last month, and predicted confidently that it would come this month especially because Bernanke extended the September meeting to two days. I said then, and I still believe it, that QE3 will come, but not as quickly as most people think (or hope).