Credit freeze worsens
The credit freeze seems to be getting worse and worse despite the so-called "bailout." Right now, as I post this, the TED-Spread is at 4.14, far higher than it's ever been before. Usually, it stands at about 0.5. This is a measure of how completely screwed the markets really are.
Don't look now, but our collapse is accelerating.
Don't look now, but our collapse is accelerating.
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