Interesting Graph

Just in case you thought you were having a good day, here is a href="http://research.stlouisfed.org/fred2/series/BOGNONBR?cid=123">graph
from the Fed that shows how much money the banks have:



i-06e5cc72551452a6ffe36a53eea84357-BOGNONBR_Max_630_378.jpg



Don't panic.  The final number is from 1 July 2008.
 I'm sure they've fixed the problem by now.



HT: href="http://www.rgemonitor.com/financemarkets-monitor/252626/looting_the_vaults_at_the_central_banks">London
Banker, on Roubini's Global EconoMonitor ( href="http://www.rgemonitor.com/index.php">RGE Monitor).


More like this

From href="http://londonbanker.blogspot.com/2008/09/quotable-on-bank-balance-sheets.html">London Banker: "The problem with financial institution balance sheets is that on the left hand side nothing is right and on the right hand side nothing is left." It's pretty obvious that financial…
Oh my god. Two years at ScienceBlogs have passed, and Tet Zoo has now been going for three years. It all started on January 21st 2006 when, for no good reason at all, I started a blog over at blogspot.com. Yes, Tet Zoo is three years old. Time to look back at the past year of operation. For…
In an article reviewing the success of the Euro, the WSJ attributes at least some of the finiancial instability of recent months to currency volatility between the US and Europe. The Euro has had numerous benefits: Travel was made easier, as was trade and investment. Interest rates fell. Prices…
It would seem to me that if Obama is serious about reaching out to Republicans, keeping Sheila Bair on as head of FDIC is a no-brainer. Yet Treasury nominee Geithner does not support her. I can't figure out what Bair did wrong (and I'm not being snarky). Consider: Geithner became increasingly…