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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, October 3, 2008

Paul Krugman on news today

The credit crunch is getting worse: LIBOR jumped again, the TED spread is at a new record. Bad news on employment: payrolls down 159,000, average work week down, official unemployment rate flat at 6.1 percent but broad measure (U6) up from 10.7 to 11.

We are going over the edge.

here

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