.......... 
grad students
« Evaluating Karl Marx as Political Activist: Morning Coffee for Holy Thursday | Main | Morning Coffee: Time for Action on Finance »
Today's Treasury yield curve:
And Paul Krugman sends us to the TED spread--the risk and liqudiity premium big banks are demanding over Treasuries for the loans they make to each other.
Think of the TED spread as an indicator of financial fever--with something like 0.3% per year being normal. Think of the short end of the yield curve as an indicator of how powerful the Federal Reserve's standard medicine of swapping Treasury securities for bank reserves is.
Be afraid. Be somewhat afraid.
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e551f08003883400e552212e7c8833
Listed below are links to weblogs that reference The Liquidity Trap Cometh...:
J. Bradford DeLong, Professor of Economics at U.C Berkeley, a Research Associate of the NBER, a Visiting Scholar at the Federal Reserve Bank of San Francisco, and Chair of Berkeley's Political Economy major.
Among his best works are: "Is Increased Price Flexibility Stabilizing?" "Productivity Growth, Convergence, and Welfare," "Noise Trader Risk in Financial Markets," "Equipment Investment and Economic Growth," "Princes and Merchants: European City Growth Before the Industrial Revolution," "Why Does the Stock Market Fluctuate?" "Keynesianism, Pennsylvania-Avenue Style," "America's Peacetime Inflation: The 1970s," "American Fiscal Policy in the Shadow of the Great Depression," "Review of Robert Skidelsky (2000), John Maynard Keynes, volume 3, Fighting for Britain," "Between Meltdown and Moral Hazard: Clinton Administration International Monetary and Financial Policy," "Productivity Growth in the 2000s," "Asset Returns and Economic Growth."
The Eighteen-Year-Old is going to college next year, which means that I need to think about making more money. (The idea that one might write checks to rather than receive checks from universities is now strange to me.) So I have signed up with the Leigh Speakers' Bureau which also handles, among many others: Chris Anderson; Suzanne Berger; Michael Boskin; Kenneth Courtis; Clive Crook; Bill Emmott; Robert H. Frank; William Goetzmann; Douglas J. Holtz-Eakin; Paul Krugman; Bill McKibben; Paul Romer; Jeffrey Sachs; Robert Shiller;James Surowiecki; Martin Wolf; Adrian Wooldridge.
