Note: This post is from April 2008 but is updated from time to time to reflect charts of the current market conditions
The TED spread is a common measure of fear and risk in the capital markets. Judging from where the TED spread is now (see chart below), there's a lot of fear and risk to go around.
Updated chart for June 2010:
The TED spread measures the gap between the interest rate at which the U.S. Treasury funds itself (3-month T-bills) and the interest rate at which banks lend...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.