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« Is it working? | Main | The devil went down to Wall Street »

The ripples go on spreading

Calculated Risk notes that the credit markets are looking healthy - or at least less catastrophically ill. Interbank rates and CDS spreads more or less echo that.
But all is not well - the corporate bond market is in freefall, John Jansen writes; so is the European government bond market, according to the FT today; and Yves Smith pulls up a suggestion that we might be about to enter an emerging-market currency crisis as well.

Posted by Alexander Campbell on October 22, 2008 1:40 PM |

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