The Chart Of Non Borrowed Reserves
Monday, 7. July 2008, 14:38:08
The chart of Non Borrowed Reserves
You know, I am not an economist; and therefore cannot explain it technically, but the graph looks bad, like real bad to me.
It looks like the banks have gone beyond totally borrowed, if there be such a thing.
The US banking system system is in much more trouble than the public knows; this graph is just some indication of it. The graph shows that the banks are overdrawn at the Federal Reserve, and when taken together with the on going Yahoo Finance chart of the banks, KBE, and investment bankers, KCE, it indicates that the financial institutions are capital depleted and really insolvent.
Related Blogger Articles
Applied Philosophy writes: Shattered
VDSAT writes: Get Your Money Out Now
You know, I am not an economist; and therefore cannot explain it technically, but the graph looks bad, like real bad to me.
It looks like the banks have gone beyond totally borrowed, if there be such a thing.
The US banking system system is in much more trouble than the public knows; this graph is just some indication of it. The graph shows that the banks are overdrawn at the Federal Reserve, and when taken together with the on going Yahoo Finance chart of the banks, KBE, and investment bankers, KCE, it indicates that the financial institutions are capital depleted and really insolvent.
Related Blogger Articles
Applied Philosophy writes: Shattered
VDSAT writes: Get Your Money Out Now
WIDGETIZE