Tuesday, October 14, 2008
This is encouraging, since it means that big money players on the margin are more willing to lend to each other (or should I say they are less frightened of lending to each other?). But we're not out of the woods by any stretch yet. This spread will have to drop back below 80 before we can declare victory. In normal times it runs in the 30-40 neighborhood.
Posted by Scott Grannis at 8:17 AM