http://research.stlouisfed.org/fred2/series/BOGNONBR
PeakOil is You
"Credit Crisis Half Over"
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"Credit Crisis Half Over"
by mattduke » Thu 22 May 2008, 00:34:57
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mattduke - Intermediate Crude
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Re: "Credit Crisis Half Over"
by mattduke » Thu 22 May 2008, 00:43:33
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mattduke - Intermediate Crude
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Re: "Credit Crisis Half Over"
by pedalling_faster » Fri 23 May 2008, 13:37:23
last time we saw the non-borrowed reserves graph it was at about -$10 billion with the same stark steep curve on the right hand side.
i finally managed to have a decent conversation with the brother-with-an-MBA-who-works-for-a-big-bank. (he doesn't like the subject of Peak Oil). i asked him how much of the losses associated with mortgage backed securities have been booked & recognized. all he would commit to is, "well, that's a very good question".
-$90 billion in non-borrowed reserves. that just does not sound good, but i would have a hard time explaining it.
i finally managed to have a decent conversation with the brother-with-an-MBA-who-works-for-a-big-bank. (he doesn't like the subject of Peak Oil). i asked him how much of the losses associated with mortgage backed securities have been booked & recognized. all he would commit to is, "well, that's a very good question".
-$90 billion in non-borrowed reserves. that just does not sound good, but i would have a hard time explaining it.
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Re: "Credit Crisis Half Over"
by jlw61 » Fri 23 May 2008, 15:43:39
$this->bbcode_second_pass_quote('mattduke', '[')img]http://research.stlouisfed.org/fred2/data/BOGNONBR_Max_630_378.png[/img]
http://research.stlouisfed.org/fred2/series/BOGNONBR
http://research.stlouisfed.org/fred2/series/BOGNONBR
First, I'll be honest in that I'm not sure it I should be scared or simply raising an eyebrow-of-slight-concern like I am right now. What I do believe is that if the credit crisis is half over, then we've experienced the easy half.
When somebody makes a statement you don't understand, don't tell him he's crazy. Ask him what he means. -- Otto Harkaman, Space Viking
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jlw61 - Tar Sands
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