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Valid point, though I dare say holders of US dollars would agree that
flooding the money supply is meaningless to them.
Coincidentally, the Financial Times reported that the UK government's
auction of 40-year bonds failed today.
From: Mark Simms <marksimms@xxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx
Date: Monday, March 23, 2009, 7:11:18 PM
Subject: [RT] Cost of the economic rescue so far
Meaningless.
Meaningful: when does the US government run out of money ?
> -----Original Message-----
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Code 2
> Sent: Monday, March 23, 2009 3:44 PM
> To: Realtraders List
> Subject: [RT] Cost of the economic rescue so far
>
> With all the taxpayer money flying out the door, it's been
> hard to keep an economic rescue cost scorecard up-to-date.
> So check out
> http://money.cnn.com/news/specials/storysupplement/bailout_sco
> recard/index.html
>
> You can click on the various titles to get even more detail.
>
> The total spent so far is $2.5 trillion, with another $9.9
> trillion allocated for spending.
--
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