Grasping Reality with Both Hands: Brad DeLong's Semi-Daily JournalThis is when we find out how good our emergent financial systems really are. The S&P has wiped out the gains of the past four months, but that's really not so bad. If we're above the 12 month low next weekend we'll be doing fine.
...today the monetary base in the North Atlantic economies is 7% higher than it was yesterday--an annualized growth rate of 2100% per year"...
Saturday, August 11, 2007
This weekend, a virtual world teeters on the edge
The virtual world of finance, that is. The world where imaginary trillions flit about like moths in a storm ...
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