Category: Currency Currents
- Published: 14 June 2010
- Written by Editor
$50 billion here, $50 billion there…Short euro? Be careful here with euro…
The phrase I think originally went something like this: A million here and a million there; pretty soon you are talking real money. We can only dream our government used numbers with so few digits. News on the wire is that President Obama’s economic team will push congress for another $50 billion in funds; supposedly targeted to teachers, police, and fireman jobs that are disappearing thanks to the giant hole in state, as well as federal, budgets. For those handicapping a double-dip recession, this news carries some weight.