It is plausible that the rebound of commodity prices after October, 2008 was funded largely by QE. It would require a detailed stock and flow analysis in order to demonstrate that thesis, and, somehow, that information is not available to the mortal man, and only partially available to to the demi-gods who are the inside regulators for the NY Fed. Carmen Segarra showed very clearly just how well that works for the public interest.

"It is not necessary to have hope in order to persevere."