Jesse's Café Américain

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994

Showing posts with label TED spread. Show all posts
Showing posts with label TED spread. Show all posts
21 May 2010

Much Ado About TED, LIBOR, and Currency Swaps

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There is some alarm being expressed about the recent increase in the TED spread from some quarters this week. Here is a short term chart of ...
02 October 2008

TED Spread Soars to a New Record - Symptom of the EuroDollar Squeeze?

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There is a real possibility that the TED Spread blowout is not an artifact of risk per se, but a symptom of the US dollar squeeze in Europe....
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