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Friday, September 07, 2007

Once in a lifetime...


Allright I may have only been in the game for a little bit but check this out:

This is the actual traded FED FUND's rate, the rate at which banks borrow and lend cash. Most major banks actually have cash deficiencies and everyday go into Fed Funds, Eurodollars, and other money markets to finance their liabilities. We may never see anything this crazy in a long long time!

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