2008-07-14 Weekly Credit Graph Packet
Posted by Sada Mosler on July 14th, 2008
- IG On-the-run Spreads (Released 5:44 EST)
- IG6 Spreads (Released 5:44 EST)
- IG7 Spreads (Released 5:44 EST)
- IG8 Spreads (Released 5:44 EST)
- IG9 Spreads (Released 5:44 EST)
IG On-the-run Spreads (Jul 14)
IG6 Spreads (Jul 14)
IG7 Spreads (Jul 7)
IG8 Spreads (Jul 14)
IG9 Spreads (Jul 14)
First Bear Stearns, and now the agencies confirm the government is there to ‘write the check’; so, I expect credit spreads to continue to narrow over time.
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July 14th, 2008 at 12:51 pm
Warren, finacial stocks continue to get pummeled, with speculation of more banks going under. Feels like a death spiral, at some point doesn’t it begin to have an impact on aggregate demand. Even with the well scripted coreography by the fed, treasury and congress in dealing with the GSE fallout doesn’t seem to stem the selling…what could stabilize the markets.
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July 14th, 2008 at 1:04 pm
Yes, there is concern that it hits demand as banks pull back on lending and good credits can’t borrow.
Seems to me that’s not happening. Good credits can borrow, though maybe at somewhat higher rates, and all the while q3 GDP estimates are now in the 2% range with upside potential from there.
Fiscal policy is a very real and very powerful tool, in stark contrast to ‘monetary policy.’
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August 19th, 2008 at 7:15 am
[...] – bookmarked by 3 members originally found by dpustelnik on 2008-07-25 Comment on 2008-07-14 Weekly Credit Graph Packet by warren mosler http://www.moslereconomics.com/2008/07/14/2008-07-14-weekly-credit-graph-packet/#comment-1053 – [...]