After the European Central Bank pumped another $50 billion or so into their banking system yesterday, the grand total of "liquidity injections" over the last two weeks by the Federal Reserve, ECB, Bank of Japan, and various other central banks around the world now stands at somewhere around $500 billion.Half a trillion dollars.Is that a lot?How would anyone know?What do you compare it to?The Gross Domestic Product for the U.S. is over $11 trillion (most of which is consumer spending) and the U.S. government’s annual budget is about $2[...]
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[Source: The Money Blogs]
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