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April 14, 2009
Well something is going right
I have written before about the TED spread. Back in October it was approaching 5. Unfrigg’n believable. Since the election is has been on its way down. A TED Spread of 1 is normal. That means credit is moving again.
Well it is back to about 1, where it should be.
I am sleeping a bit better.
Posted by Martin at April 14, 2009 7:47 PM
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