Monday, September 29, 2008

More TED

ONE MORE: The Swedish Model. Please?

: Oh. TED closes at 3.59% - highest ever, and the S&P fell 8.4% - the sharpest decline since 1987. It seems that if anyone can find a hill, they are running for it. I updated the chart below to reflect today. The TED line is off the chart!

I mentioned the financialy wonky TED spread before here, but a small update. For review, the TED spread is a measure of how hard it is for a bank to get a loan from another bank. Normally a bank-to-bank loan is super safe, so the real rate is around or below 1%. In the 1987 crash it hit 3.35%. Today it has hit 3.5% already.

Since that is hard to visualize, I found a graph of TED (red bars) since 1985 compared to the S&P 500 (blue line), and I updated it for today. Shocking.

1 comment:

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