[ding_dong_daddy_from_dumas]

“Spending will continue until we are out of debt!”

If Bernanke mentioned debt, I must have missed it. It was more like "until the economy gets better." So, in the context of Obama's current political needs, jobs, or maybe just the promise (where have I heard that word before?) of future jobs makes the threat of inflation insignificant. Bernanke must have thought about inflation, but he does not seem to want to talk about it.

LINK: In the past, people worried that as soon as inflation came, the Fed would get nervous, and flip the switch back to tightening. Yesterday changed the game. Now the expectation is, even if inflation rages, the Fed will still focus on jobs... and that's exactly what Bernanke wants to see happen.

Instead of QE followed by a number, now we have "Unlimited QE."

[stephenjohnbanker]

” Instead of QE followed by a number, now we have “Unlimited QE.”

Until it all implodes.