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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (91799)	12/20/2008 5:43:57 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

I am well aware that it has collapsed. Initially, the TED spread was the difference between the interest rate for the three month U.S. Treasuries contract and three month Eurodollars contract as represented by the London Inter Bank Offered Rate (LIBOR). However, since the Chicago Mercantile Exchange dropped the T-bill futures, the TED spread is now calculated as the difference between the three month T-bill interest rate and three month LIBOR. globaleconomicanalysis.blogspot.com Look at what LIBOR was in that post. 4.64! Yikes That was Oct 10th Look at it now bloomberg.com 3 mo LIBOR is technically still very elevated But it has dropped to 1.5 Look at 1 month LIBOR .47 My mortgage rate will drop to 1.75% I suppose it could hit 1.5% Without mentioning the TED spread I did talk about this in globaleconomicanalysis.blogspot.com I need to revisit that post for a number of reasons Mish