“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” - John Maynard Keynes
Tuesday, February 10, 2009
Credit Spread II
The other key indicator is the TED Spread. It is just below 1.0%, but it should be closer to 0.5%.
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