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 [...]

Source: http://mrmortgage.ml-implode.com/2008/11/04/real-look-at-the-credit-market/

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