Source: http://mrmortgage.ml-implode.com/2008/11/04/real-look-at-the-credit-market/
Saturday, February 23, 2013
Real Look at the ?Credit Market?
The credit markets remain unprecedentedly tight despite what you hear by the popular media on how the TED spreads, swap spreads, LIBOR/OIS etc etc are improving.�� These are just indicators and everyone has their favorite. Their movement from Armageddon levels absolutely does not mean that we will get a thaw in commercial or consumer lending [...]
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