The Oracle (UK) finance reports on US banks. The figure above is actually from the Fed.
Here’s an eye opener. The attached report from the St. Louis Fed on banks’ non-borrowed reserves shows that it has just gone down in flames. According to the chart, the amount of money that banks have in reserve that is non-borrowed is not only at a 50-year low, but has entered negative territory for the first time since these statistics have been kept. Does this mean our banks are now insolvent?
(Hat tip: BetMo at Life’s Journey)
Mock Paper Scissors 
Little by little, I’ve saved some cash by skipping extravagant vacations, splurge purchases, etc. Because we are supposed to have a nest egg, yes? Yet…I keep having this irrational fear that it won’t matter because the mess created by unmitigated greed will eventually result in people bringing wheelbarrows full of money to the supermarket to buy a loaf of bread. I hope my fear is irrational. Thanks, Tengrain. I need a glass of wine now.
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Pissed – welcome to my world – I have nightmares about that very scenario! Enjoy your glass of wine – I need a martini!
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Pissed –
You can afford a glass of wine?
Rgds,
Tengrain
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“That chart is upside down.”
(White House Insider)
It means the banks couldn’t borrow a cup of sugar on a cane plantation during successful harvest in a record good year with their new C-class Mercedes and first born daughters as collateral.
Other than that, they’re fine:
“Print some more of those 100s, would you, Ed?”
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Dark Wraith Forums has a big piece up about Economics which I just finished reading. This didn’t help the big ache in my stomach by a long shot.
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I thought that was a graph of Dubya’s brain.
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Speechless.
Fearful.
Angry.
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it’s time to start purchasing gold bars and krugerrands.
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I guess there’s that, Tengrain. I can afford a glass of wine. Makes me one of the lucky ones. What a mess.
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Interestingly enough, that graph perfectly depicts the normal path of food through the intestinal tract.
Especially the ending.
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Ding! Ding! Ding! We have a winner! JD’s Etc., gets the standing O!
Regards,
Tengrain
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