{"id":8658,"date":"2008-09-24T23:41:23","date_gmt":"2008-09-24T23:41:23","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/the_ted_spread_soars_again\/"},"modified":"2008-09-24T23:41:23","modified_gmt":"2008-09-24T23:41:23","slug":"the_ted_spread_soars_again","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=8658","title":{"rendered":"The TED spread soars&#8211;again"},"content":{"rendered":"<p>The difference between what banks and the Treasury pay to borrow money for three months, the so-called TED spread, was 2.73 percentage points earlier today, the highest since Sept. 18, when it was 3.13 percentage points, the most since Bloomberg began compiling the figures in 1984.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/quote?ticker=.TEDSP%3AIND\">A chart is here and, no, this isn&#8217;t good at all, as 3 where it hit today and last Thursday is at 1987 stock market crash levels<\/a>.<\/p>\n<p><b>Update<\/b>: <a href=\"http:\/\/seekingalpha.com\/article\/45987-understanding-the-ted-spread\">There is much more here, including a longer term short<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The difference between what banks and the Treasury pay to borrow money for three months, the so-called TED spread, was 2.73 percentage points earlier today, the highest since Sept. 18, when it was 3.13 percentage points, the most since Bloomberg<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=8658\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149],"tags":[],"class_list":["post-8658","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8658"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8658\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}