Monday, November 24, 2008

The latest score: $7.7 Trillion

Well, that sure ballooned quickly:

U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit

The initial relief package was $700 billion, and that was on October 3rd. Nobody was really surprised that it went over a trillion shortly after that. But this is amazing, not even 2 months later and we're talking ten times as much.

Fortunately gas prices have dropped, which will provide a little relief for the moment. But all of this cash is dispersing into the system right now, and in the next few billing cycles we'll see prices rising, so hang on.

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