Rescue approaches GDP

The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

Ouch. Visit site »

We just wanted to choose a really large number.

So, do you wonder where that $700 billion figure everyone is talking about came from? So did I. Visit site »

The Giant Pool of Money

The Giant Pool of Money. What more do I need to say? If you're interested in what's going on with the global economy (and you should be), and banking in particular such as how 600 billion could just vanish overnight in the form of the bankruptcy of Lehman Bros., then here's the perfect place to start. Just read the transcript and you'll be all up to speed (it's a pdf and linked from the site.) Visit site »