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:
(Excerpt) Read more at undergroundpolitics.com ...
There at the site, or from within Quicken? I don’t see anything like that, at the site.
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.
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