Here is an updated chart on the TED Spread. Here was the original post on the TED Spread. The TED spread is one of the warning signals of the possible upcoming recession.
The 3 month LIBOR has dropped over the last few weeks by nearly .50% from where it was at in December to 4.44% yesterday. The spread has narrowed to 1.4 which is still quite high. It spiked up for little over .5 to 1.49 in August of 2007.
The recent drop in the TED Spread indicates a small improvement in the credit environment, but we are still at very elevated levels.
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