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Politics : THE WHITE HOUSE
SPY 689.52-0.3%Jan 7 4:00 PM EST

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To: pompsander who wrote (22569)9/18/2008 1:18:38 AM
From: DuckTapeSunroof   of 25737
 
The TED spread, a measure of fear in the credit markets, (the difference between what the Treasury pays to borrow for three months and the amount banks charge each other for loans, measured by the spread between the interest rate on a three-month U.S. Treasury bill and the three-month Libor rate) widened to 302 basis points Wednesday.

That's a few ticks higher than it was on the day of the Oct. 20, 1987 stock market collapse, when it rose as high as 300 basis points.

Prior to the current crisis, 'normal' was below 25 basis points for the TED spread....
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