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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sea Otter who wrote (91997)	12/25/2008 3:14:10 AM
From: mishedlo	1 Recommendation Respond to of 116555

Addendum: The IMF stimulus request has been corrected to $1.2 trillion as per CORRECTED: IMF head worried about lack of fiscal stimulus to which I reply "What's the worry?" The US has already blown close to $1 trillion and will likely do another and that does not count another $7 trillion or so in swaps via an alphabet soup of lending facilities. The UK and China are each likely to blow close to a trillion dollars, and given the insane proposals running about, I would expect to see $5 trillion minimum globally. What's the point in calling for $1.2 trillion when the promised total already is double or triple that and getting higher every day? $120 trillion never made any sense, but neither does requesting $1.2 trillion when the number pledged easily exceeds that already. news.moneycentral.msn.com Mish