Thursday, February 12, 2009

The Ted Spread is Back Down

Well, lookee there! I had stopped checking it daily, because it seemed to be stuck around 2. Now it's back down to 1.

That means either the economy is turning around, or people have stopped trying.

I'm guessing, for now, the smart money has stopped trying to grow and started heading for the T-bill. As always, time will tell.

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