“Now I’m looking at the political system turning itself into a paralyzed beast. A lost decade now looms as a much bigger risk. The Fed’s running out of powder; Its really powerful ammunition has been expended.” -Alan Blinder, former vice chairman Federal Reserve

via Ritholtz.com

Part: I



Part: II

“the TED spread measures the difference between the three-month T-bill interest rate and three-month LIBOR. When the spread is high it is indicative of a higher level of perceived risk in the credit markets as banks increase the rate at which they are willing to lend to each other.

Based on the movement in this indicator, investors are once again embracing risk.  Since peaking out at 48.6 basis points (bps) back in mid June, the TED spread has now narrowed by over 40% and is now at its lowest levels since May 11th.”

via Bespoke

Infographic by The Big Picture

Wall Street Cheat Sheet shows us where businesses are closing and filing for bankruptcies, on a state by state basis:

Click for Larger Image

source WSJ via Ritholtz.com

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