Heated debate, frozen markets |
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Paulson’s proposal for a Troubled Assets Recovery Plan has raised the question of whether we really need to rescue the financial system. The financial system seems to be screaming “do you really want to find out? ” Money market tensions keep rising and spreading, and key measures of dislocation like the TED spread have spiked dramatically over the last few days. One-month and three-month rates have also surged across the main regions, including in various Asian countries. Money markets are
Filed under: Fundamental
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