Has anyone else been watching this and have a specific explanation other than "the banks aren't lending". Seriously, where did 400 billion dollars come from in the last two months?
Non-borrowed reserves in the last two months have jumped from around 400 billion to around 800 billion.
Who's pumping money into the banking system?
Oh, and did you notice the shaded recession period is in the past. Somehow we missed that announcement, but we did observe something similar on November 10th.
Friday, November 13, 2009
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