The trillion dollar question 20 April 2009

The trillion dollar question

The collapse of credit has brought us a slew of numbers so large, with so many noughts attached, that it's getting difficult to put them into any kind of perspective. The Bank of England recently announced it was injecting up to £150 billion of new money into the British economy, an unimaginable amount and yet now we hear the American President is proposing to inject a further $1trn (one trillion dollars) to rescue Wall Street's floundering institutions.

What do such numbers mean - Marcus Du Sautoy, writing in The Guardian (March 25, 2009) explains: