There was no reason for QE3 until last week because the government could not borrow the money if they wanted because they were at the debt limit. Now the limit has been raised so they are crashing the markets so everyone begs for QE3. I do not know if S&P lowering the U.S. rating is part of the script but I would not put anything past them. You do not need to be a palm reader to tell the future anymore becuase the road to hell has be chosen.