Monday, March 17, 2008

This Seems Alarming

I'm not an economist, but this seems like a bad thing. Bad thing like crossing the streams bad.

That is the state of liquid reserves available in the Federal Reserve System. I believe this is the system that is in place to prevent a depression by being able to bailout industries that are tanking. I could be wrong, but I think that is the purpose.

Anyway, does that chart give anyone else a chill?


James said...

That is a bit disturbing, isn't it?

Hey, here's an article I just came across that should be right up your alley:

Ryan said...

Yup. Greenwald is a great writer, although a little long-winded sometimes. He has some great analysis though.