Tag: bailout moneySort
There seems to be tug of war between those who ” Predict” this harsh Recession will be over this quarter or next year and those that react to the economic situation. Truthfully no one knows how long this Recession will last or when it will be over. The fact is those more money has been lost recently trying to call a bottom.
The question is are we just hearing political banter or should we believe the Chinese? Several weeks ago Premier Wen Jiabao called on March 13 for the U.S. “to guarantee the safety of China’s assets. The fact that even buying and holding US Treasuries the Chinese are losing money as their currency the Yuan has appreciated versus the US Dollar.
Answering My Children: What Comes After a Trillion?
The innocence and knowledge of a child is sometimes much more clearer than our insights. My young daughter asked me what comes after a Trillion dollars. My son answered a Zillion. I had to interject and add that does not exist ( yet). Maybe U.S. Treasury Secretary Timothy Geithner will invent a new number the way he is going.