Quantitative Easing for Dummies

"With the QE2 announcement now out of the way, Mr.Bernanke’s game plan is as follows:

1. Lower interestrates for “everybody“ and “everything”
2. Stocks & Bonds will then increase in value making “everybody” and
   “everything” feel wealthier
3. “Everybody”will then start to buy “everything”
4. Pray that the price of “everything”doesn’t increase too much and
   therefore cause “everybody” not to buy “everything”
5. If steps 1 to 4 are successful, businesses will begin to create jobs
   for“everybody” because they will once again be buying “everything”
6. Ignore the housing market problem
7. Ignore the debt problem
8. Ignore the effect of numbers 6&7 on the banks
9. Pray that foreigners continue to buy newly issued American debt"

Quelle:
http://www.zerohedge.com/sites/default/files/IceCap-Asset-Management-Limited-Global-Markets-November-2010.pdf