Final Note

What do asteroids and the Federal Reserve have in common?

Kai Ryssdal May 31, 2013
HTML EMBED:
COPY
Final Note

What do asteroids and the Federal Reserve have in common?

Kai Ryssdal May 31, 2013
HTML EMBED:
COPY

This final note on the way out today, in which the Federal Reserve meets interplanetary orbital dynamics.

Here’s what I’m talking about: There is, as you may have heard, an asteroid that’s zipping by Earth today. We’re gonna be okay. It’s not gonna get any closer than 3.5 million miles, NASA says.

Here’s the great part, though, about the Fed. The name of this thing? Asteroid 1998 QE2.

Get it? QE2? Quantitative easing?

Or maybe that was just me who thought that was funny, ’cause I’ve been doing this too long.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.