Insolvency?

Speaking of the interesting times that we live in, have a look at this graph of Non-Borrowed Reserves of Depository Institutions, and take your best guess as to the extent of the financial crisis now facing the US.

Or, if your not a graph-kind of person, here are the raw numbers, as compiled by the FED Board of Governors.

What’s that? Oh, OK. Nothing to see here, folks. Back to sleep.

h/t George

More: Dollar Slips as investors await Fed Minutes

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Frogmarch, part 2

Yesterday I posted about the Chinese frogswarm in Sichuan Province, and a similar frogswarm in Bakersfield, CA.

Well, the frogs are marching again in Sichuan

For the second time this month, residents observed a huge migration of frogs and toads, the state-run Xinhua news agency said.

Residents of Zunyi, a southern city that saw little damage in China’s huge earthquake last week, noticed the amphibians’ march yesterday, Xinhua said, quoting Vice Mayor Zeng Yongtao.

Thousands of residents camped out in fear overnight in downtown Zunyi, the news agency said.

“We don’t know what else we can do,” Zunyi resident Liu Yong was quoted as saying.

A coincidence, a sign of the times, I dunno.

We live in interesting times.

TIME NEVER DIES

Sercan Ondem

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