Archive for October, 2008

The Fed Paying Interest on Reserves

October 15, 2008

Macroblog has an explanation of why the Fed started paying interest on reserves.

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How This Bear Market Compares

October 13, 2008

The New York Times has a striking graphic showing how this bear market compares to previous ones. Verdict? Bear-iffic!

Via The Big Picture.

Fed Commercial Paper Data

October 5, 2008

There’s been a lot of talk lately of the commercial paper market drying up.  The financial commercial paper market has been hard-hit, of course, but there’s been speculation in the press that the contagion is spreading to the industrial side of the market, with potentially devastating impact on the real economy. It turns out that the Fed keeps close tabs on the commercial paper market, and releases regular data on the subject here. From the data, it seems clear that the impact on the non-financial sector has been small.

Via Epicurean Dealmaker.