From Greg Mankiw's Blog: At right is the TED spread. It is a measure of risk in the financial markets, the difference between interbank loans and T-bills and is now below 1%. This news could not be more pleasant!
I'm still not totally convinced, but this is serious reason for optimism.
And then there is this piece on how uncertainty is falling.http://www.voxeu.org/index.php?q=node/2785
I also read yesterday the commercial paper market is starting to unfreeze. This is great news.
1 comment:
Krugman is still talking liquidity trap
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