Stocks Are From Venus, Credit Is From Mars

If you were looking at stocks alone, you?d be cautiously optimistic about the economy: they have remained above the intraday low they hit on Jan. 22, the day of the Fed?s surprise 0.75 percentage point rate cut, and even clawed out some gains lately, notably today.
An entirely different picture comes from the corporate bond market which is in full fledged flight. Investment grade spreads have widened steadily during the new year, according to B…
Original Source

  13 February, 2008| Economy | @ 23:58

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