Per Paul Krugman:
Stock prices are, however, the least of our worries. The money markets are frozen; the TED spread is 4.14%.
G7 meeting tomorrow, IMF-World Bank over the weekend. Now is the time for major action — an announcement of coordinated capital injections, liquidity measures, and more. If we’ve had nothing except vague assurances by Monday ….
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrqeC-3wB5_goyp_5pJsmOdfCxdcUejLTWz4Hs6dDowtSBDye8zrfN8x7yPMAwJY1Fvk8Chh_9JOX-WLrivDxcpozN_gBlZ8KT0lb8tO7PffxrxEIDmQp2inxHSFLvN5qGpcjItM5Cj3s/s400/spted.png)
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