Linking is a public good y'know
hos has a cathartic rant about the bailout
The TED spread is 3.86 this afternoon - that is after the bailout passed.
If you know what the TED spread is you should now be tasting vomit in your throat.
LIBOR is also spiking, natch.
The US usually quotes the "U3" index for the unemployment rate.
The U6 rate is in many ways a more robust measure, but a lot scarier.
It is also more like what some European governments report when they state "the unemployment rate", or so I am told.
PhysioProf explains about applying for faculty positions - you listen!
Chad worries about the blog bubble ending - I link to remember to think
More like this
From
href="http://londonbanker.blogspot.com/2008/09/quotable-on-bank-balance-sheets.html">London
Banker:
Michael Moore's critique of the bailout recently mailed around the intertubes includes this list of problems:
1. The bailout bill had NO enforcement provisions for the so-called oversight group that was going to monitor Wall Street's spending of the $700 billion;
If you are like me, you are pretty disgusted with the idea of bailing out the Detroit Big 3.
tags: Santa Claus Bailout Hearings, satire,
The only "good" news on the LIBOR is that the AIG loans were LIBOR + 8, so the US gov't is rakin' in the dough.
Yea, U6 is really scary. I remember 1992 and 1993, those were bad bad times in CA.