Here's an important summary of the present state of credit markets. LIBOR, TED-spread, US Treasuries, and many more indexes. The article is rich with graphs, so it's easy to see where we are and where we have been. It's written matter-of-factly which makes it non-inflammatory.
If you're looking for something over these holidays to sit back with for a few minutes and take stock of the situation, it's extremely worthwhile.
One final reminder... continue to watch the credit markets, not the stock markets, for a most true reading on the economic state of the world.
MERRY CHRISTMAS!
The photo is of our home's entrance... lots of snow!
