Juda Ben Hur: Money. . . . .where did it go?
Assumption: If there was $ 1,000,000,000,000 (I believe that this is a “TRILLION”) in circulation BEFORE the stimulus package was passed by Congress, and all those big companies/banks/stock market “lost” money, where exactly did it go?
If the same amount of money supply is STILL in America, then why are all those corporations having such a hard time?
Answers and Views:
Answer by Judy
A whole lot of people watched the markets daily.
They took their profits and ran.
They left the little people losing 57% of their money so far.
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It is in European Banks. Just like most of the bail out money AIG got they it sent to France & Germany.Answer by Intrepyd
Funny you’d ask. The NY Times Freakonomics blog just published an article on this precise question. See below. The bottom line is that the perceived value of stocks changed.
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