The Giant Pool Of Money. Implications

Hi Phat,The This American Life episode you're talking about, The Giant Pool Of Money, was originally broadcast in 2008. Much of it was rebroadcast in the first half of a follow-up episode in September of 2009, and in the second half they interviewed many of the same people from the original episode to see how the collapse of the mortgage backed securities market and the associated CMO market had affected their views and attitudes.There are other This American Life episodes focused on the financial crisis, usually with Alex Bloomberg as the primary reporter, and I'm sure there have been others since September, 2009, but I'm a bit behind in my podcasts.By the way, in the September, 2009, episode they discovered that the IMF had underestimated the original size of the giant pool of money at the start of the crisis, that it had actually been around $80 trillion, and that as of that episode it had grown to around $83 trillion. Got that? Despite world wide economic collapse, the giant pool of money had grown by around $3 trillion. The big difference is that this money is now seeking safe havens instead of high returns. Investors are now very tight with their money, and until they loosen up world economic growth will continue to be anemic.--Percy