In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Wednesday, March 19, 2008

Financial Crisis: Third Wave Still Growing

by Calculated Risk on 3/19/2008 10:52:00 AM

Here are two charts to track the progress of the Fed's recent liquidity initiatives.

The first is the TED Spread from Bloomberg:

Third Wave of CrisisFor more on the TED spread, see Professor Krugman: My friend TED
The second graph is the A2P2 spread from the Fed's Commercial Paper report. This also shows the building 3rd wave of the financial crisis.Third Wave of Crisis

The third wave appears to be still growing.