Here is the point: is it possible the asset-backed commercial paper market is simply reverting to a mean? I don't have an answer for this. But notice the incredibly large increase in paper over the last few years.
Tuesday, September 4, 2007
About the Commercial Paper Market
This is a chart from the Federal Reserve's Commercial Paper page. Notice the asset-backed commercial paper market has two periods on this chart. I delineated the different periods with a solid black line which I basically eyeballed.
Here is the point: is it possible the asset-backed commercial paper market is simply reverting to a mean? I don't have an answer for this. But notice the incredibly large increase in paper over the last few years.
Here is the point: is it possible the asset-backed commercial paper market is simply reverting to a mean? I don't have an answer for this. But notice the incredibly large increase in paper over the last few years.
