Incoming!

More evidence that the Fed intends to drop QEII on us after the election. Via Mark Thoma who writes:

QEI was the expansion of the Fed's balance sheet from around 800 billion to 2.3 trillion, and QEII would increase the size of the balance sheet even further -- though if they do move to QEII, how much and how fast that balance sheet would be extended is not known.