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View Diary: Spot the question Boehner didn't answer (80 comments)

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  •  QE a trivial amount of money (0+ / 0-)

    compared to the total market cap of the NYSE + NASDAQ.

    Economics is a social *science*. Can we base future economic decisions on math?

    by blue aardvark on Thu Apr 11, 2013 at 01:42:00 PM PDT

    [ Parent ]

    •  $85 billion a month (1+ / 0-)
      Recommended by:
      milton333

      ...isn't much money anymore, i guess.



      Denial is a drug.

      by Pluto on Thu Apr 11, 2013 at 01:46:03 PM PDT

      [ Parent ]

      •  Nope (1+ / 0-)
        Recommended by:
        milton333

        Market cap of NYSE was $14T in 2011 (latest I can find). It's up about 15% since then so $16T.

        Add another $4T or so for NASDAQ. That makes $20T.

        1% of that is $200B. It takes 3 months of QE to add up to a 1% gain, and that's if 100% of the QE money is going directly into equities.

        Which it isn't.

        Economics is a social *science*. Can we base future economic decisions on math?

        by blue aardvark on Thu Apr 11, 2013 at 01:56:10 PM PDT

        [ Parent ]

        •  And, to think... (1+ / 0-)
          Recommended by:
          milton333

          $85 billion in sequestered austerity in 2013 is about to throw the US into a deeper second recession.

          Math.

          Can't live with it, can't make it a felony.



          Denial is a drug.

          by Pluto on Thu Apr 11, 2013 at 02:10:13 PM PDT

          [ Parent ]

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