* 3 mth libor is now 2.86% (almost fully back to where it was)
As a result, it appears as if interbank lending is flowing well again. The governments around the world need to now find a way of convincing the banks to lend to small businesses and to the general public, and not hoard the cash.
* the TED Spread is now down to 2.48%, but still has a ways to go to get back to the previous 1%
It means that a lot of money is still flowing into the US T-bills, thus allowing the US dollar to continue to show strength. It's just a matter of time before it pulls back significantly though. It has recently pulled back from an index level of almost 88, to now being 85.10. The gold price should have taken better advantage of this US dollar drop. It is disappointing to see gold not make a much stronger recovery move during this short pulli back in the US dollar.
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