During times of uncertainty, it rises, as people flee to treasuries, and Brad DeLong gives us this very scary picture:
05 October 2008
TED Spread
The TED spread is the difference in interest rate between short term treasuries, and short term inter-bank lending.
During times of uncertainty, it rises, as people flee to treasuries, and Brad DeLong gives us this very scary picture:
During times of uncertainty, it rises, as people flee to treasuries, and Brad DeLong gives us this very scary picture:


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