First of all, the QE was not set for a specific end date, and given all of the ��manufactured GDP growth�� that occurred specifically through the credit creation mechanism, the growth created was and is in no way sustainable.

Given the fact that most [Offshore Company Incorporation]of the debt came in the form of mortgage loans to drive home prices higher and then to allow cheap car loans and then student loans... these are all very low, long-term contributors to sustainable productivity.

Cars are a deadweight loss as they don��t create productivity in a system that has too many cars and these same cars depreciate so quickly that they become a large capital loss immediately after being purchased.

Mortgages that are artificially low only drive returns for a select few people who buy and flip properties which again, benefits a select few people who are not part of any broader class of less entitled people.

Mortgages at low rates that drive housing prices higher only in turn drives rental costs higher and furthermore, on a backdrop of increasing unemployment, common middle class citizens don��t get to buy cheap houses during a housing bust.

BlackRock and Och Ziff hedge funds[HongKong Richful  - Hong Kong Company Formation, Offshore Company Incorporation] go in, buy up thousands of low-priced houses with free money from the government, drive prices up, and middle class Americans are the last people to slowly save money, put a sizeable down payment on a house, and buy the house with money that was allowed to bear a reasonable interest rate from their accumulated cash savings.

The wealthy invested in hedge funds that bought residential real estate and commercial property during the bust.

Bernanke [HK Corporate Registration]famously said: ��Middle class Americans are buying lots of cars�� �� aka middle class Americans are buying wasting assets that have zero residual value, while the wealthiest Americans are acquiring (real property) assets that possess, relatively speaking, permanent value.