• A Special HedgeyeTV Webcast Event

    1st Annual Hedgeye Investing Summit

    The sharpest minds in investing discuss the latest market and economic developments and explain their investing implications.

The Fed’s discount window remains wide open, and last week we saw the highest borrowing by commercial banks since the week of May 28th. At $16.4 billion/day this appropriately reflects the strain within the US Financial system. Helicopter Ben is still in business, dishing out cheap money.

KM
Picture courtesy of Blue Wire @ http://www.bullnotbull.com/gallery/images/g-helicopter-big.jpg