Aggressively Uninformed

While traditional economic indicators are grim, there are a few signs that the panic that drove the early stages of this crisis are subsiding. The
TED spread, a normalized measure of how willing banks are to lend to each other, is way off of its mid-October panic highs, and is approaching levels not seen since Lehman Brothers collapsed in September. The volatility in the stock market, while still 2x its “normal” levels, has been steadily decreasing as well. We’re still looking at a vicious recession, but it appears that the risk of a complete meltdown of the world economy is waning.