Monday, March 24, 2008

Is This Good News?

Listener Vincent sent this to me ... but after reading it three times I can't figure out how it is good news. If you know ... send me an e-mail at

"Impress your friends. Tell them that the "TED spread" dropped like a rock today, from over 200 basis points to about 150. What the heck does that mean? "TED" is ticker-symbol shorthand for Treasury-Eurodollar. The TED spread is the difference between three-month dollar-LIBOR and the three-month US Treasury bill rate." Read the whole thing at RedState.