Brad Setser states in a short article this morning titled ‘Just how much is $350 billion?’ that “the Council’s Center for Geoeconomic Studies calculated (on January 21) that $350 billion was enough to buy most of the common equity of the US financial system” – read here.

Assuming that number is remotely accurate I find it truly shocking in and of itself.  If accurate, it emphasizes deep, deep fundamental U.S. economic issues, and in my view casts real light on the amounts of money the U.S. Administration has and plans to throw at the problem.  Because intuitively I am having difficulty believing the $350 billion number I am emphasize that I have not independently checked that number.

The views expressed in this Post are those of the author. They are offered to readers for information and general guidance only. They are neither intended to, nor should be taken to, constitute economic or investment advice. No check of data underlying articles or comments referenced herein has been made, and no responsibility is taken for them.  See Legal Disclaimer.

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