The Scariest Chart Ever

by: Todd Sullivan

If this doesn't give you pause, nothing will. From East Coast Economics:

Here is a chart of borrowing by U.S. banks from the Federal Reserve through Dec. 2007:

Now, same chart through December 2008:

Anyone still think there are not some rough patches down the road?

Editor's note, 1/29/09: The original version of this post indicated that the charts show 'federal borrowing', and not borrowing by banks from the Fed. That has been corrected here.