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 ...

Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal

...today the monetary base in the North Atlantic economies is 7% higher than it was yesterday--an annualized growth rate of 2100% per year"...

This 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.