RDKaser

Leaking Geithner: Good News for Currencies, Markets

Putting the guy who brokered the Bear Stearns fiasco in charge of the Treasury will probably be a disaster for future generations of taxpayers and dollar holders.

After all that talk of "change" what we're really getting is "more of the same."

This Is Not Financial Meltdown

Your explanation is plausible only to the extent the TED spread is a trustworthy number. They've already been caught blatantly lying about LIBOR once, so why assume it's trustworthy now? (especially with so much on the line.)

IMO it's more likely LIBOR is (still) a lie and things aren't really as "good" as they seem. Remember, there's no way to independently verify the LIBOR calculation... it's a "trust me, I'm really telling you the truth" number. Sorry guys, I don't trust you.

Take ALL data like this with a grain of salt.