Re: Bush Appeases Israel - Then loses oil negotiation with Saudis

basho007 wrote:
> BikeFan <mistontheloch!@[EMAIL PROTECTED]
> wrote in news:g0kh8c$v56$1
> @[EMAIL PROTECTED]
> 
>> Bush went cap in hand to his masters in Israel and then tried
>> to strongarm the Saudis to pump more oil. Oddly, they refused.
>> http://www.cnn.com/2008/POLITICS/05/16/bush.saudi.arabia/index.html
>> I guess he's more scared of what the Federal Reserve can do to the US
>> than Saudi.
>>
> 
> 
> 
> I saw two Charts from a Federal Reserve site today that seem to indicate

> why the current economic situation cannot be compared to prior crises.
> 
> 
> 
> The first
> 
> 
> http://research.stlouisfed.org/fred2/series/BOGNONBR
> 
> 
> The second 
> 
> 
> http://research.stlouisfed.org/fred2/series/BORROW
> 
> 
> 
> interpretations from usenet experts are invited.  

It would appear that institutions have lost a lot of their
reserves and are borrowing considerably more from the Fed.
Hence, people, public and private US companies have lost
a lot of their savings or assets as well and can no longer
save much. Seems pretty dire.


-- 
BikeFan