Friday, March 28, 2008

Debt Rattle, March 28 2008: Where was the media?

Non-borrowed reserves: Mar 12: - 17 billion � Mar 26: - 61 billion Ilargi: As you can see above, the banks' non-borrowed reserves numbers, as reported by the Fed, get wilder by the day. Whatever interpretation one wishes to apply, and there are many different ones, there's no way this reflects any kind of healthy disposition. The exact numbers from the Fed: Actual non-borrowed reserves: -

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