so can the Fed keep this up indefinately? What are the consequences of these actions? inflation? if so aren't we trading a crash for permanent(or at least long-scale) lower purchasing power for all consumers?
It is quite hard to have inflation without either near full employment (can't hire workers without increasing wages) or forex problems (foreigners stop wanting dollars which seems .. unlikey)
What this is mostly doing is stopping a huge property crash. Maybe that's overdue, but it would also mean ruining the retirement of a lot of the middle class.