Quote:
Originally Posted by roachboy
180 billion dollars overnight.
the fed pumped 180 BILLION into the banking system overnight.
what does 180 billion anything look like?
the scale of this is amazing.
i'm making some popcorn, sitting back and enjoying the show.
i decided to do a little test and take myself out to dinner last night. people were talking about baseball and their regular lives and such. that asshat lou dobbs was on one of the flatscreen monitors, trying to act decisive. then he went away because it was time to watch baseball. i suspect its like that everywhere. is it?
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The number I'm getting this morning is more like 247 billion-
Quote:
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Sept. 18 (Bloomberg) -- The Federal Reserve almost quadrupled the amount of dollars central banks can auction around the world to $247 billion in a coordinated bid to ease the worst crisis facing financial markets since the 1920s.
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Bloomberg.com: Worldwide
How much can you pump into it before what you're pumping becomes severely devalued?
Enjoy your popcorn, it maybe worth $30-$50 a bowl in the near future.