TED Spread Falls to 9-Month Low, Signaling Credit Crunch Easing. http://bloomberg.com/apps/news?pid=20601087&sid=aAnGafwqYfMk&refer=home Credit Crisis Will Extend Into 2009, Oppenheimer Says. http://bloomberg.com/apps/news?pid=20601087&sid=auq3s_xEc9BI&refer=home
Trichet Says Worst of Credit Crisis May Lie Ahead. http://www.nakedcapitalism.com/2008/05/is-dollar-bounce-over.html
Many Hurricanes, Many Eyes http://globaleconomicanalysis.blogspot.com/2008/06/many-hurricanes-many-eyes.html Excerpt: "Often times it is not the leading front of the hurricane that does the most damage, it is the backside. Here is the three stage pattern of hurricane damage. * Winds from the front side weaken but do not destroy structures * The eye of the hurricane brings a foreboding sense of unnatural calm * Wind comes slamming from the opposite direction as the eye passes over, shearing structures from the opposite direction The "calm" Bernanke thinks we are in, is nothing more than the prelude to the back side of a hurricane."