Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ajtj99 who wrote (71813)	11/29/2007 3:56:12 PM
From: mishedlo	Read Replies (3) of 116555

Where's the Cash? globaleconomicanalysis.blogspot.com Corporations like Ctigroup, Ambac, etc have been scrambling for cash. So where is the cash? The answer is darn near every cent has been lent out. The reserve requirement on savings accounts is zero and because of sweeps checking account reserves are minimal as well. Citigroup had to be bailed out by Abu Dhabi as cash is piling up overseas. BTW - This is very hard to describe in a paragraph. There is a lot going on here that people do not realize. Mish

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