A little followup from today’s earlier post.
From the research pages of the Federal Reserve Bank of St. Louis:
If you are good at reading graphs, you will probably have a tough time sleeping. If you aren’t good at reading graphs, that’s probably a blessing today.
Hide all your money in your mattress. And remember, in times of total economic collapse, jewelry and precious metals have always been good substitutes for worthless paper money.
The Dow closed 21.16 points higher after being 200 points down and then 100 points up. Crisis averted … for today.
Courage.
5 Comments
30 May 2008 at 5:52 pm
[...] by Hart Williams | May 25, 2008 11:37 [...]
29 September 2008 at 7:11 pm
[...] of St. Louis’ “Non Borrowed Resources of Depository Institutions” chart (”Holeeeeeeeeeeee Crap!“, March 17, [...]
29 September 2008 at 8:18 pm
It still isn’t sweet, even though you can say “I told you so”
We are in some deep shit. I worry that perhaps this shit is too deep for us to get out of.
I pray that we are not beyond the point of no return.
11 December 2008 at 5:30 am
[...] I told you back on St. Patrick’s Day that the Bear Sterns meltdown was only a harbinger of things to [...]
17 March 2009 at 1:18 am
[...] Holeeeeeeeeeeee Crap! [...]
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