Fed pumps $1.2 trillion in to US economy

Cleaver

http://news.bbc.co.uk/1/hi/business/7951493.stm

The US Federal Reserve says it will buy almost $1.2 trillion (£843bn) worth of debt to help boost lending and promote economic recovery.
It said it would start buying long-term government debt and expand purchases of mortgage-related debt.

I don't really know what a trillion is and I certainly can't really comprehend that much money. Aside from that it's a lot and that once you get above tens of billions it's all just 'shed loads'. I expect to open up the BBC website soon and find that the US government has pumped 8.7 gazillion mahillion f*ckloadsayillion in to the economy and the Dow Jones 'jumped' 134 points in response.

lostinrates

Cleaver wrote: »

'shed loads'..

Are yu after another thanks for the same old same old? Ok I would have shed envy for a $1.3 trillion dollar shed too Cleaver.

I too find that amount hard to comprehend. What would it even look like, in a tangible form?

trenchwars

Gold up about 6% in 2 hours on the news :eek:

$1.2 trillion would buy 40,000 metric tonnes of gold, or a solid cube 12.7 metres in length on all sides.

bubblesmoney

lostinrates wrote: »

Are yu after another thanks for the same old same old? Ok I would have shed envy for a $1.3 trillion dollar shed too Cleaver.

I too find that amount hard to comprehend. What would it even look like, in a tangible form?

i remember a post to a visual representation of 1 trillion in 100$ bills and how many double stacked bales of money it took. dont have a link though

Cleaver

http://www.mint.com/blog/finance-core/visualizing-one-trillion-dollars/

Interesting trillion dollar related link.

lostinrates

bubblesmoney wrote: »

i remember a post to a visual representation of 1 trillion in 100$ bills and how many double stacked bales of money it took. dont have a link though

Well, thats the answer to how much money is enough then! dh deals in preety big numbers (on his screen)

he once gave me a (client names whited out) document and told me to look for all the outgoings over a staggaring amount....so I did, and then I added up all the out goings on each page and got over the staggaring amount...but these didn't count. Its almost undertsandable how some peole get a bit blase with the big numbers when they ar eon a screen like that and the 'not important numbers' are so huge too.

Cleaver

Okay, this is better. If this is $100 million:



Then this is $1 trillion:



Scary.

Cleaver

Blimey, a $million in $100 notes isn't very big:



Right, I'll stop with this now.

Alan_M_2

Cleaver wrote: »

Blimey, a $million in $100 notes isn't very big:



Right, I'll stop with this now.

That's a Million Dollars in Hundreds?

Hold on I'll get my briefcase......

PasturesNew

What is a Trillion ... in my own words...

If Jesus had been given a trillion pounds and there was no interest on it... and if he had spent £1500 a day - EVERY DAY - without fail from then to now (he has to be immortal in my story) ... then right about now he'd have just enough for a Big Mac.

lostinrates

PasturesNew wrote: »

What is a Trillion ... in my own words...

If Jesus had been given a trillion pounds and there was no interest on it... and if he had spent £1500 a day - EVERY DAY - without fail from then to now (he has to be immortal in my story) ... then right about now he'd have just enough for a Big Mac.

Pastures....some how that makes it seem less.

I mean here's a guy who can perform miracles in feed huge gatherings on a couple of loaves fish and a wine botle that never empties, and yet now he only has enough for a BigMac?