tag:blogger.com,1999:blog-3782644139927778760.post9101488890315673765..comments2008-05-08T02:04:12.560-04:00Yves Smithhttp://www.blogger.com/profile/03506020285476330865noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3782644139927778760.post-83732025999396004432008-05-08T02:04:00.000-04:002008-05-08T02:04:00.000-04:002008-05-08T02:04:00.000-04:00Real info for real cash flow:<BR/><BR/>As of Thursday (March 31, 2008) Vanguard’s Treasury Money Market fund was yielding 2.35%. But other funds that had invested heavily in the repo market or had high expenses have seen their yields drop precipitously. On Monday, the yield on certain share classes of First American Treasury Obligations was 0.05%; for certain share classes of Federated Treasury Obligations, the yield was 0.12%. <BR/><BR/>As of 04/28/2008 Yield = 2.24% (C — AVERAGE ANNUALIZED INCOME DIVIDEND OVER PAST 7 DAYS)<BR/><BR/>As of May 7, 2008 Yield is @ 2.11%Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-17488595553812669462008-05-07T17:25:00.000-04:002008-05-07T17:25:00.000-04:002008-05-07T17:25:00.000-04:00Consumer credit grew 7% annualized in Mar. Previous months revised up. Unless we think the fed is going to fail, then we no strike that the investment banks are out of ICU. However to the point of the complex systems post, the quarantine came way to late - say about a decade or so. Therefore, I'd take his all clear in the same light as Fuld, Mack, etc. PR noise. begs the question of what exactly si the Fed's endgame or as Krugman asks what is the equilibrium? Imagine what the US would look like if the market clearing equilibium were allowed to run its course.Snoreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-58063192670810596612008-05-07T17:01:00.000-04:002008-05-07T17:01:00.000-04:002008-05-07T17:01:00.000-04:00Talking his book?Anonymousnoreply@blogger.com