Picturing a Recession

Comment

Posted: August 21, 2008

It is charts like the ones below (courtesy of JPMorgan) that make me worry more about recession than inflation. The credit crunch is getting crunchier.

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Explanation (maybe)

I think it means that the federal reserve's balance sheet has continued to provide a few hundred billion dollars of liquidity to banks. Hence they are more concerned about recession than inflation, so maybe we should be too.

Joe of NY @ Aug 23, 2008 00:22:29 AM

Please explain

I have no idea what these graphs mean. Something is getting lower? This is bad? I thought the second graph was what the fed has been lowering at their meetings for the past coupleof months.

JLR of TX @ Aug 21, 2008 20:46:50 PM

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