I've been too busy at work for the past few months & unable to collect thoughts into post-able format...but that doesn't mean I haven't been keeping tabs on the craziness since late Summer/early Fall.
Today, Calculated Risk had a post on the Commercial paper market which linked to some Fed charts. He used one chart in his post, but I think this chart from that webpage is more interesting. Look at the amount of recent disruption. Greater than the 9/11 attacks.
The more I read about the underpinnings of our financial credit systems over the past couple months, the more worried I've become that we are heading into a serious crisis. After this past week, it seems the Fed & other central banks think the same thing. Nonetheless, it's clear that the average retail investor & the average US citizen has no idea what's afoot. The swirling currents of this whirlpool are too confusing to understand & the safe harbors all turn out to be swamped.
Will it all subside into calm?
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