Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Credit Crunch - Bank Reserves go Negative
underground politics ^ | 4-14-2008 | John

Posted on 04/17/2008 7:36:55 AM PDT by underground

There's a lot of talk about a "credit crunch" and speculation about what it means for the U.S. and global economies. To summarize it, I would say: "The banks have no reserves other than debt."

This chart shows the total "non-borrowed" reserves in the U.S. banking system (as an aggregate of the entire financial system). Negative non-borrowed reserves indicates basically that the reserves are borrowed for the first time in U.S. economic history. The sharp drop shown here indicates the beginning of the credit crunch in late 2007:

credit crunch

(Excerpt) Read more at undergroundpolitics.com ...


TOPICS: Business/Economy; Government
KEYWORDS: banking; economy; reserves
Navigation: use the links below to view more comments.
first previous 1-2021-22 last
To: RightWhale

There at the site, or from within Quicken? I don’t see anything like that, at the site.


21 posted on 04/18/2008 9:14:58 AM PDT by FreedomPoster (<===Bitter, Gun-totin', Typical White American)
[ Post Reply | Private Reply | To 20 | View Replies]

To: FreedomPoster

try /investments

I have set up a sample portfolio for some stocks I follow even if I don’t actually own stocks and they flag them when there is news. Might have to have a legal copy of Quicken anymore.


22 posted on 04/18/2008 9:19:16 AM PDT by RightWhale (Repeal the Law of the Excluded Middle)
[ Post Reply | Private Reply | To 21 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-22 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson