Saturday, November 01, 2008

2008-11-01 Fed charts update

Update to the special report.

BOGNONBR: Non-borrowed reserves of depository institutions.  Now it becomes even worse.

1

TERMAUC: Term Auction Credit.  There is no update on the website.

MULT: M1 Money Multiplier.  It dived even further and there is no improvement at all.

2

BASENS: St. Louis Adjusted Monetary Base.  It is out of control.

3

For explanation of the chars, read the special report.  My conclusion is that, the economy is going down, no sign of recovery at the moment.

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