>[…] QE {quantitative easing} was in response to lessons learnt from the Great Depression of the 1930s.  That downturn, which lasted a decade, was triggered by liquidity drying up quickly and countries then putting up barriers in a failed attempt to protect their economies.

It’s the kind of collapse that Bernanke, the 14th chairman of the Fed and a scholar of the Depression, was trying to avoid when he chose a course of stimulus. Many doubt QE will be repeated.

The volatility in markets is quite possibly the final stage of Bernanke’s risky experiment to rescue the global economy from the financial crisis, which was sparked by a crisis in US subprime mortgages and the collapse of US investment bank Lehman Bros in September 2008. […]<