The ECB hosed $500 billion into the European economic system yesterday. Let me say that again: five hundred billion dollars.
But remember, this is temporary. It has been temporary since August. It’s just a little kink Mr. Market needs to work out. Ignore the goldbug doomsayers, they are all poor anyway.
In other news… I just thought up a new Christmas idea. Here’s the note I wrote to Santa. I hope he puts $500 billion in my Christmas stocking!
If you could print $500 billion for me too–
hellheck I would even be happy with $400 billion, since I have been bad, and plus, you’re probably running out of trees by now–that would be sweet.
Also, can you please find me some good books on post-1989 Japanese economic history? Like, when they flooded the banking system with unlimited amounts of yen in a sad attempt to maintain the biggest asset price bubbles since the South Sea bubble of 1728? That wouldn’t be $400 billion awesome, but I am thinking it will come in handy over the next several years.
Eric T. Cartman
P.S. I promise I will be better next year
P.P.S. Merry Christmas