After reading this article on CNBC, I had to share a few thoughts.

CNBC Article

This was the intention of QE3, to lower mortgage interest rates, which would in turn drive up real estate and people who would refinance their mortgages. Not only that, it would spur new mortgages also. In essence, Americans are going into more debt now for more liquidity. Now what is this new found liquidity going to go to? Consumer goods of course. Those goods that are made abroad that increases our trade deficit. Maybe people will invest that money back where in essence it will go back to the financial institutions. In the end, I fail to see how this will benefit our economy in the long run.