Sunday, February 1, 2009

Why the Stimulus Will Fail

see more graphs here

That little red circle is the amount of money injected into the financial system over the last year or so, roughly $1.9 trillion. Atop that are banks' gold reserves, cash in circulation, the traditional banking system, and the shadow banking system.

The big kahuna atop them all - some $290 trillion worth - is the great global asset bubble.


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