This morning I find myself wondering if the massive use of credit cards by consumers is adding to the banking liquidity crisis. If consumers are borrowing daily (going into debt more and more) the amount of cash reserves to settle transactions each day in a bank would need to come from somewhere. Thus the Federal Reserve steps in to add liquidity to the banking system so that transactions can be settled.

The expansion by the FED to some extent shows how much borrowing everyone is doing to stay afloat.

Just a thought I have been pondering on a Thursday morning.

Have a great day!
Steem on,
Mike