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> So, money was made? I don't know the details of when the money was disbursed and when the money was recuperated, but if it were disbursed in 2008, and recoup
by bmelton 12y ago
> So, money was made?
I don't know the details of when the money was disbursed and when the money was recuperated, but if it were disbursed in 2008, and recouped in, say, 2014, there was a 10% rate of inflation, which devalues the currency to the point that no, money was not made.
If 2013, the rate of inflation was 8.2%, which leaves a .4% "profit", assuming no other costs.
If 2012, the rate of inflation was 6.6%, leaving a 2% profit, etc.
Of course, this assumes the money wouldn't have performed in any way just sitting in the government coffers, and I honestly don't know enough to even begin to evaluate whether it would have.
- yummyfajitas 12y agoInflation was 1.5-1.6%. http://research.stlouisfed.org/fred2/data/CPIAUCSL.txt http://research.stlouisfed.org/fred2/data/CPIAUCSL.txt edit: computation done by comparing Jan 1 2012 to Jan 1 2013, etc.
- philh 12y agoBetween which dates? If I'm reading this correctly, Jan 08 to Jan 14 is 212 to 234, which is about 10%. (This also matches the statistic that I happen to have memorized of 8% inflation between 2010 and 2014.)