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