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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (69610)9/28/2007 8:09:12 PM
From: koan  Respond to of 116555
 
That is how I have it calculated as well mish. Great post.


Global Credit Crisis U.S. Style
globaleconomicanalysis.blogspot.com
U.S. commercial paper market shrank for the seventh straight week as the Fed's interest rate cut fails to improve conditions for short-term credit. In addition the Fed executed a whopping $38 billion in repos taking $22 billion in mortgages as collateral. This is truly stuff of a Banana Republic. For now, the equity markets are ignoring this mess.