Yes, but savers still do pretty well. QE will save the economy, but not house prices, and not the people who bought multiple leveraged IPs. Savers will still be

Yes, but savers still do pretty well. QE will save the economy, but not house prices, and not the people who bought multiple leveraged IPs. Savers will still be OK (since the money multiplier will drop there won't be inflation - this can and should be enforced with more prudent bank regulations). And if deflation hits, savers will be less fucked, but still pretty fucked.