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Random Thoughts: $50 Billion is a lot of money

in CCPA, deficit, Government, Nortel, Pensions, Random Thoughts

During a week where the federal government disclosed just how enormous the federal budget deficit will be, there were other topics written about by the Financial Blogging world, but this topic alone is a pretty hot topic.

What could that kind of “money printing” cause in the economy? Jon Chevreau points out in the U.S. it could mean Hyperinflation on the Zimbabwean scale (at least in Dr. Doom’s estimation at least).

Random Thoughts: Pensions?

Have a great weekend folks, hopefully the rain will stop, but maybe my grass needs it?

{ 5 comments }

  • WhereDoesAllMyMoneyGo.com May 29, 2009, 5:41 PM

    Thanks for the link – enjoy the weekend!

    Reply
  • Riscario Insider May 29, 2009, 4:13 PM

    $50 is a lot of money too. Say for a popsicle 🙂

    A figure like $50 billion is difficult to comprehend.

    Reply
  • Canadian Capitalist May 29, 2009, 9:47 AM

    The consensus seems to be that CPP changes are marginally negative for those who take it early, slightly positive for those who take it late and neutral for those who take it at 65. Thanks for the link!

    Reply
  • Michael James May 29, 2009, 7:40 AM

    Thanks for the mention! I guess $50 billion is a lot of money in Canada. The US has been burning trillions lately.

    Reply
  • Four Pillars May 29, 2009, 6:14 AM

    Thanks for the mention!

    Mike

    Reply

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