/biz/ - Business & Finance

>>7969331
This thing gonna crash or what? Interbank lending decling is just fud or FRED really deleted the data?
Find this chart
>you can’t
They snipped it right before the decline

Lads, you might remember a few weeks ago there were several posts on here about a sharp drop in the interbank loans rate, as shown in pic related, and how there was general discussion about how something as significant as this had not been covered in the mainstream media, even on market-orientated news sites such as Bloomberg or the FT.

Well the plot thickens, FRED (the federal reserves official economic data) has now discontinued this data (https://i.gyazo.com/f042ec9e3af3c6eb0cb9a2abf11b1187.png)) with them no longer make public their interbank lending figures, but even more concerningly THEY HAVE RETCONNED THE CHART!

Come here and see for your self, https://fred.stlouisfed.org/series/IBLACBW027NBOG, the chart now ends on the 27th of December - the day before the massive drop off, with no trace of the drop off existing.

Such a drop in the interbank rate is already concerning enough, to quote wikipedia ' A sharp decline in transaction volume in this market was a major contributing factor to the collapse of several financial institutions during the financial crisis of 2007.' But this cover up makes me even more concerned, is something habbning?