oh this is bad
Sep. 15th, 2008 09:59 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
solarbirdGetting that US$75B to keep AIG in business is not going to be easy.
The TED spread, or interbank overnight lending rate, has spiked up to 1.81, tho' it's off its worst-point-of-the-day of 2.0. If that sounds tiny, please consider that the last two spikes of this height were followed by major implosions, and a typical good-economy spread is 0.25.
The Fed funds rate has also spiked to 6%, triple the target of 2%, a worse multiplier than the trigger event for the 1987 stock market crash. (Note: it's not the percent that's the alarm, it's the multiple over the target rate.) I'd like to link to the Fed site to give you the current official number, but, annoyingly, it hasn't updated.
They also have not updated the TAF/TIO/etc - Temporary Open Market Operations - figures, or even the slosh data. That's also annoying.
The TED spread, or interbank overnight lending rate, has spiked up to 1.81, tho' it's off its worst-point-of-the-day of 2.0. If that sounds tiny, please consider that the last two spikes of this height were followed by major implosions, and a typical good-economy spread is 0.25.
The Fed funds rate has also spiked to 6%, triple the target of 2%, a worse multiplier than the trigger event for the 1987 stock market crash. (Note: it's not the percent that's the alarm, it's the multiple over the target rate.) I'd like to link to the Fed site to give you the current official number, but, annoyingly, it hasn't updated.
They also have not updated the TAF/TIO/etc - Temporary Open Market Operations - figures, or even the slosh data. That's also annoying.
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no subject
Date: 2008-09-16 06:06 am (UTC)