When it comes to the future, suddenly torn by economic uncertainty driven by a plunging stock market and a tanking economy, the talking heads and the sellside brigade have opined:more QE, preferably in the form of asset purchases. After all it was none other than Goldmanearlier today who said that “our confidence that the FOMC will ease policy once more at the June 19-20 meeting has also grown… Our baseline remains that Fed officials will purchase a mixture of mortgages and long-term Treasuries, financed via balance sheet expansion… If they decide to extend their balance sheet, they could add excess bank reserves or “sterilize” the reserve impact via reverse repos and/or term deposits.” In other words….

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