What to watch beyond the Dow


	What to watch beyond the Dow

Maureen Farrell

10-10-2008 3:02 PM

1192 views

Maureen Farrell says:

If you haven't seen this Slate's new business site, The Big Money, explains the "TED spread," which measures the confidence that banks have in lending to one another. As the Dow continues to plummet, it's helpful to understand another metric (which still doesn't offer much room for optimism right now).

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11-19-2008 10:08 PM

MB9991

Here is an easy way to watch the Dow

http://www.google.com/ig/directory?hl=en&type=gadgets&url=mysocialgadget.com/stocks/dowjones.php

11-19-2008 10:14 PM

MB9991

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/856c61fd-2987-4c80-87d3-bc0ceb7e24d3/02439C85-FBA6-4785-A7AD-31193E0DCEA0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://tbm.thebigmoney.com/articles/explainer/2008/10/09/dont-watch-dow" href="http://tbm.thebigmoney.com/articles/explainer/2008/10/09/dont-watch-dow" style="font-size: 11px;">tbm.thebigmoney.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://tbm.thebigmoney.com/articles/explainer/2008/10/09/dont-watch-dow">attending to the ups and downs in the Dow won't tell you much about the current financial crisis. Ours is a crisis of credit: Financial firms are unwilling to lend to each other (at all-but-exorbitant rates) for fear that borrowing firms may fail or that they themselves may need the cash to fend off their own crisis.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://tbm.thebigmoney.com/articles/explainer/2008/10/09/dont-watch-dow">the <A href="http://www.econbrowser.com/archives/2008/09/understanding_t.html">TED Spread</A> measures credit conditions directly. Bloomberg tracks the TED Spread <A href="http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND">here</A>.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://tbm.thebigmoney.com/articles/explainer/2008/10/09/dont-watch-dow">Why TED? The T comes from "T-bill," shorthand for short-term Treasury bills, and the ED comes from "eurodollar contracts." Because interbank lending is international, loans between banks are often called eurodollar transactions. The three-month interbank interest rate is what an American bank can expect to receive for a dollar loan to a European bank (or any other bank, for that matter-"euro" is just a bad substitute for global here), or vice versa. Not surprisingly, interest rates on loans between banks are higher than the interest rate on T-bills. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/02439C85-FBA6-4785-A7AD-31193E0DCEA0/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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