TED Spread Update

| Wed Sep. 17, 2008 3:18 PM EDT

TED SPREAD UPDATE....Our old friend the TED spread is a simple gauge of financial market jitters. (More here.) You will therefore be unsurprised to learn that, for the fourth time in the past year, it's spiking. Even at high prices, nobody wants to make short-term loans to banks. Can you blame them?

Get Mother Jones by Email - Free. Like what you're reading? Get the best of MoJo three times a week.