March 18, 2009
As if by magic...
... Da Fed makes $1,000,000,000,000 appear out of thin air.
Poof!
Wall Street seemed to love this idea. Swell - I suppose.
Until a pack of gum costs $20, of course.
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Saying that the recession continues to deepen, the U.S. Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the economy by buying mortgage-backed securities and long-term Treasury issues.
Poof!
Wall Street seemed to love this idea. Swell - I suppose.
Until a pack of gum costs $20, of course.
Posted by: DocJ at
07:05 PM
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