Thursday, March 19, 2009

And the Prestidigitizer goes hummmm.....

WOW! U.S. $1.15 Trillion in "quantitative easing". Neat term that.

Can you hear yourself think over the roaring of the printing presses? First came the U.K., now the U.S. Next up? If you guessed Canada, you would be correct.

http://business.theglobeandmail.com/servlet/story/RTGAM.20090318.wfed0318/BNStory/Business/home



Can mark to market changes be far behind?

Oh yes, and Gold spiked $60 an ounce since yesterday. Somebody a little nervous?
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2 comments:

  1. Comrade OneMarch 19, 2009 at 1:45 PM

    Response to the prestidigitizer is swift;

    http://www.cbc.ca/money/story/2009/03/19/dollar-rise.html

    ReplyDelete
  2. AnonymousMarch 20, 2009 at 10:02 AM

    If I hear one more person slag the worker on the line for our woes...I would say understand this- short-selling; credit-default swaps; individual and corporate abuse of power. linda.

    ReplyDelete

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