Sunday, January 25, 2009

The scariest chart ever

VIA Doug Ross Journal

The scariest chart ever: "East Coast Economics is 'currently doing some research on the (likely) Treasury bubble, and the charts I’m coming across are nothing but scary - one more so than the other. Check out the following which shows the [dollar] amount borrowed by US banks from the Fed through Dec 2007; the spike marks the Savings & Loan Crisis at the end of the 1980s with borrowing maxing out at $8b...'

1919-2007 (Y-axis scales to $10B)

'Now take a look at the following chart. It is the same graph as above, but updated through the beginning of November ‘08.'

1919-2008 (Y-axis now scales to $800B)"

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