We can see the sun and the wind has subsided, the ocean is still, all is calm, or is it?  The following graph illustrates the seriousness of the problem:   http://research.stlouisfed.org/fred2/fredgraph?chart_type=line&width=1000&height=600&preserve_ratio=true&s%5b1%5d%5bid%5d=BORROW   That hyperbolic blue line is the total borrowings from the Fed, now at about $140 Billion.  The gray sections are the recessions with … Continue reading Inside the eye of the hurricane