User talk:JPG-GR and TED spread: Difference between pages
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[[Image:Ted-Spread.png|thumb|longtime history of the TED spread]] |
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{{User talk:JPG-GR/Header}} |
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[[Image:TED Spread Chart - Data to 9 26 08.png|thumb|TED spread and components during 2008.]] |
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The '''TED spread''' is the difference between the interest rates on interbank loans and [[Treasury security#Treasury bill|short-term U.S. government debt]] ("T-bills"). |
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Initially, the TED spread was the difference between the interest rates for three-month [[Treasury security|U.S. Treasuries]] contracts and the three-month [[Eurodollar]]s contract as represented by the [[London Inter Bank Offered Rate]] (LIBOR). However, since the [[Chicago Mercantile Exchange]] dropped T-bill futures, the TED spread is now calculated as the difference between the three-month T-bill interest rate and three-month [[London Inter Bank Offered Rate|LIBOR]]. |
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== Admin == |
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TED is an [[Acronym and initialism|acronym]] formed from ''T-Bill'' and ''ED'', the ticker symbol for the Eurodollar futures contract. The size of the spread is usually denominated in [[basis point]]s (bps). For example, if the T-bill rate is 5.10% and ED trades at 5.50%, the TED spread is 40 bps. The TED spread fluctuates over time, but historically has often remained within the range of 10 and 50 bps (0.1% and 0.5%), until 2007. A rising TED spread often presages a downturn in the U.S. stock market, as it indicates that liquidity is being withdrawn. |
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Hey. I see you a lot at [[Wikipedia:Requested moves]], though I don't really do anything there myself, and was quite shocked to see you weren't an admin. I'd like to nominate you for adminship at [[WP:RFA]] if you're interested; let me know. [[User:Wizardman|<span style="color:#060">'''''Wizardman'''''</span>]] 19:41, 7 October 2008 (UTC) |
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:As you are, I believe, the third such person to make a similar comment in as many months, I will take the offer under serious consideration. However, it should be noted - I do much more cleanup/"admin"-related stuff than I do actual content writing, so I suspect that may be an issue (I lurk once or twice a week in the [[WP:RFA]] realm, and know how that goes...). Give me maybe 48 hours or so to ponder. :) [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 20:38, 7 October 2008 (UTC) |
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::Alright. It's been 48 hours and I'm still impressed with your contribs. So how about it? :) [[User:Wizardman|<span style="color:#060">'''''Wizardman'''''</span>]] 16:17, 9 October 2008 (UTC) |
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:::Sure, why not? What could be the harm. A request though - can we not start the official process until Sunday? I'm on vacation next week (which means away from work, not away from home) and I should have a more "regular" availability to answer questions/take a beating. ^_^ [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 16:26, 9 October 2008 (UTC) |
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::::That's not a problem. I'll be on sparingly until Sunday myself, so I'll write up the nom, you just get to the questions when you're ready. [[User:Wizardman|<span style="color:#060">'''''Wizardman'''''</span>]] 18:46, 9 October 2008 (UTC) |
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==Indicator== |
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== Airstaff Schedules and other things == |
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[[Image:TED Spread.png|thumb|TED spread during the [[subprime mortgage crisis]].]] |
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The TED spread is an indicator of perceived credit risk in the general economy<ref>[http://www.bloomberg.com/invest/glossary/bfglost.htm#ted_spread Bloomberg.com Financial Glossary]</ref>. This is because T-bills are considered risk-free while LIBOR reflects the credit risk of lending to commercial banks. When the TED spread increases, that is a sign that lenders believe the risk of default on interbank loans (also known as counterparty risk) is increasing. Interbank lenders therefore demand a higher rate of interest, or accept lower returns on safe investments such as T-bills. When the risk of bank defaults is considered to be decreasing, the TED spread decreases<ref>[http://krugman.blogs.nytimes.com/2008/03/12/mission-not-accomplished-not-yet-anyway/ Mission not accomplished not yet, anyway - Paul Krugman - Op-Ed Columnist - New York Times Blog<!-- Bot generated title -->]</ref>. |
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==Historical levels== |
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Alright, I am tired of you guys deleting airstaff lineups and past personalities section of radio station pages, ESPECIALLY YOU!. I am fed up with every single time i go and edit something you got to go and take it off. For example, back in August on the [[WYCD]], [[WDTW-FM]], [[WKQI]] and [[KBWF]] pages i put a past personalities page on it, somethig historical about the stations history of jocks, but do you keep it up, no. I read something on here that said it is fine if it is historical or something like that, But you still take it off. I dont give a damn if wikipedia allows it, it should be up there. As for radio station lineups being on the page, i think they should. it is stupid to not have them on. As i have said many times before. THE DJ'S ARE THE MOST IMPORTANT PART OF A RADIO STATION, WHETHER THEY ARE FROM THE PAST OR PRESENT. but you just don't get it do you. Keep these lineups up on wikipedia. i see no reason as to why they can not be on. And don't give me that crap that it is because of promoting a station. IT IS NOT. you are just listing who works at the station. It is no diffrent than listing TV shows on the tv channel pages. and they seem to allow that. Besides if these were up. it would be great for certain people who want to look ata stations past and that also means past DJ's. To top it all off. i saw you deleted the station ratings section on [[KBWF]], for what frickin' reason, what excuse can you come up with now. I have had those up on pages for well over a year, almost two and your, for some reason taking them down! I have had it with you and all the other people taking off stuff, that could be very useful to a radio page. What is the point of having anyone come in and add things to a page, when they are just gonna be deleted by you! |
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During 2007, the [[subprime mortgage crisis]] ballooned the TED spread to a region of 150-200 bps. On September 17, 2008, the record set after the [[Black Monday (1987)|Black Monday]] crash of 1987 was broken as the TED spread exceeded 300 bps<ref>''Financial Times''. (2008). [http://www.ft.com/cms/s/0/8058d308-84d3-11dd-b148-0000779fd18c.html Panic grips credit markets]</ref>. Some higher readings for the spread were due to inability to obtain accurate LIBOR rates in the absence of a liquid unsecured lending market<ref>[http://www.bloomberg.com/apps/news?pid=20601087&sid=aVGxm.ZU.0jM& Bloomberg - Libor Jumps as Banks Seek Cash to Shore Up Finances]</ref>. On October 10, 2008, the TED spread reached another new high of 465 basis points. The longterm average of the TED has been 30 basis points. |
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== See also == |
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[[user:Joemama993|Joemam993]]([[user talk: joemama993|Talk]]) <span style="font-size: smaller;" class="autosigned">—Preceding [[Wikipedia:Signatures|undated]] comment was added at 21:51, 7 October 2008 (UTC).</span><!--Template:Undated--> <!--Autosigned by SineBot--> |
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*[[Eurodollar]] |
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:[[WP:NOT#DIR]]. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 22:15, 7 October 2008 (UTC) |
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*[[Treasury security]] |
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*[[LIBOR]] |
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==References== |
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== My request was complete according to instructions. == |
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{{Reflist}} |
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==External links== |
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The instructions at [[WP:RM#Requesting potentially controversial moves]] clearly do not mandate its use. If administrators view it as mandatory, the wording should be changed. |
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*[http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP%3AIND Current TED Spread Quote from Bloomberg] |
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I have used the template per your request however. |
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*[http://www.nytimes.com/2008/03/14/opinion/14krugman.html?em&ex=1205640000&en=824ea64818ba5af2&ei=5087%0A Betting the Bank ] |
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*[http://www.econbrowser.com/archives/2008/09/understanding_t.html Understanding the TED spread] from the Econbrowser blog |
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{{Template:Bond market}} |
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--[[User:Rogerb67|Rogerb67]] ([[User talk:Rogerb67|talk]]) 22:51, 7 October 2008 (UTC) |
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[[Category:Economic indicators]] |
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[[Category:Interest rates]] |
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[[Category:Macroeconomics]] |
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[[Category:United States housing bubble]] |
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Err, use of '''<nowiki>{{subst:RMtalk|NewName|reason for move}}</nowiki>''' that is. Sorry about the tone of my first response; I was a bit miffed because I had tried very hard (and in fact succeeded as far as I can see from the instructions actually presented to first-time requesters) to do this right. Can I move my proposal back down now or is it stuck in "incomplete" limbo for whatever time period? --[[User:Rogerb67|Rogerb67]] ([[User talk:Rogerb67|talk]]) 23:06, 7 October 2008 (UTC) |
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[[el:Περιθώριο TED]] |
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:The proposal is complete now, yes. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 23:35, 7 October 2008 (UTC) |
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[[zh:泰德價差交易]] |
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== hello JPG-GR == |
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Please remove my request comment under the Incomplete and Contested Proposals. I am requesting a full move for the List of Canadians of Asian ancestry Article. I have posted my request in the Other Proposals. [[User:Sonic99|Sonic99]] ([[User talk:Sonic99|talk]]) 02:28, 8 October 2008 (UTC) |
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:JPG-GR, I want to a post a notice about the Discussion to support or oppose the full move at the top of the List of Canadians of Asian ancestry Article, so every editor can see it. Can you please tell me what I should add at the top of the article? [[User:Sonic99|Sonic99]] ([[User talk:Sonic99|talk]]) 04:20, 8 October 2008 (UTC) |
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::Unfortunately, there is no such template. By editing the talkpage, you have already alerted everyone that has the page on their watchlist. Beyond that, there's not much else you can do. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 04:45, 8 October 2008 (UTC) |
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==Tell me How to report vandalism== |
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Tell me how to report vandalism. I don't like what [[User: Joemama993]] said on my talk page. I'm trying to work with him, but he's not (paticent/misspelled) or something. Need to report him. You can go to my talk page to see what he said for yourself, if you want to report him for that. Just wanted to let you know.--[[User:JoeCool950|JoeCool950]] ([[User talk:JoeCool950|talk]]) 02:37, 8 October 2008 (UTC) |
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:Short of requesting that he not post on your talk page, there's not much official you can do until he starts violating policies. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 03:09, 8 October 2008 (UTC) |
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==Could I put that edit in on [[WP WPRS]] for introductions== |
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I was wondering if I could put that edit in then under introductions, so that it would be considered o.k.?--[[User:JoeCool950|JoeCool950]] ([[User talk:JoeCool950|talk]]) 06:03, 8 October 2008 (UTC) |
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== Radio == |
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I do apoligize for the stuff I said about wikipedia and you, I just got mad about what you guys are doing to these pages, because it does take a long time to figure stuff out to put on these pages. In a very strange way it is almost like dectective work, trying to figure out where everything or in this case everyone goes. One thing though that stil don't get is, why are they taking down the stations prievious arbitron ratings. Maybe you could shed some light on this subject as to why they took it off of the [[WYCD]] page. Again I am sorry for what I wrote before. I was just pretty upset about this. No hard feelings? |
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Thanks Again<br> |
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[[user:Joemama993|Joemam993]] ([[user talk: joemama993|Talk]]) <span style="font-size: smaller;" class="autosigned">—Preceding [[Wikipedia:Signatures|undated]] comment was added at 19:43, 8 October 2008 (UTC).</span><!--Template:Undated--> <!--Autosigned by SineBot--> |
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:[[WP:COPYVIO]]. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 05:48, 9 October 2008 (UTC) |
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== Stations Ratings Question == |
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I got a message from someone who said that if you put the ratigs into prose, it would be accepted. Now i know we can't have a list like it was prievoisly like, but how would you write it into prose. |
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Would you write it like this |
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Summer 2008 Phase II Arbitron Rating: #1 (5.2) |
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Is it okay to write it like that, i really have no idea |
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Thanks and again I do apoligize for what i said a few days ago<BR> |
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[[user:Joemama993|Joemam993]] ([[user talk: joemama993|Talk]]) <span style="font-size: smaller;" class="autosigned">—Preceding [[Wikipedia:Signatures|undated]] comment was added at 19:38, 9 October 2008 (UTC).</span><!--Template:Undated--> <!--Autosigned by SineBot--> |
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:[[WP:COPYVIO]]. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 19:46, 9 October 2008 (UTC) |
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== KLHV vs KGCO == |
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I'm not experienced enough on Wikipedia to revert your changes to the KLHV article, however KLHV is still in place in Fort Collins, according to the FCC database; and KGCO is still a station in Red Feather Lakes. See http://www.fcc.gov/fcc-bin/fmq?call=KLHV and http://www.fcc.gov/fcc-bin/fmq?call=KGCO <span style="font-size: smaller;" class="autosigned">—Preceding [[Wikipedia:Signatures|unsigned]] comment added by [[Special:Contributions/71.218.117.1|71.218.117.1]] ([[User talk:71.218.117.1|talk]]) 01:30, 10 October 2008 (UTC)</span><!-- Template:UnsignedIP --> <!--Autosigned by SineBot--> |
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:Not sure what happened there (around four months ago), but I've fixed it. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 05:53, 10 October 2008 (UTC) |
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==list of elements at [[wt:elements]]== |
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If you wold still consider working on any of the lists let me know since I wanted to do the table but I lack the will to go do it just by myself. [[User:Nergaal|Nergaal]] ([[User talk:Nergaal|talk]]) 00:24, 11 October 2008 (UTC) |
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:Time is in short supply lately, but it's still on my (long) to-do list. [[User:JPG-GR|JPG-GR]] ([[User talk:JPG-GR#top|talk]]) 01:02, 11 October 2008 (UTC) |
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== re: [[WP:RM]] == |
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I am? I thought we only had 5 days up at a time. Thanks for letting me know, I won't do that anymore :) [[User:Parsecboy|Parsecboy]] ([[User talk:Parsecboy|talk]]) 04:24, 11 October 2008 (UTC) |
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== re [[Li romans d'Alixandre]] == |
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I noticed that you classified the discussion of the requested move of [[Li romans d'Alixandre]] to [[Roman d'Alexandre]] as "no consensus". I am not sure that that is entirely accurate. While there is a comment by Srnec about the confusing nature of the topic (and discussion of the French wiki link topic), there are, in fact, no comments specifically against the requested move. The Roman d'Alexandre is a particularly specialized topic that isn't likely to get a lot of wiki visits, but (as I comment in the move request) all the critical works published today on the specific text this article covers (Bernay's compilation/composition) use "Roman d'Alexandre". Must the requested move really be tabled? If the French wikipage [[:fr:Roman d'Alexandre]] directs in English to the general discussion of the whole of the [[Alexander Romance]] problem, do you think an article title like "Roman d'Alexandre (work)" might be used? Or perhaps we might rename the general title "Alexander Romance texts"? - [[User:NYArtsnWords|NYArtsnWords]] ([[User talk:NYArtsnWords|talk]]) 13:50, 11 October 2008 (UTC) |
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Revision as of 14:00, 11 October 2008
The TED spread is the difference between the interest rates on interbank loans and short-term U.S. government debt ("T-bills").
Initially, the TED spread was the difference between the interest rates for three-month U.S. Treasuries contracts and the three-month Eurodollars contract as represented by the London Inter Bank Offered Rate (LIBOR). However, since the Chicago Mercantile Exchange dropped T-bill futures, the TED spread is now calculated as the difference between the three-month T-bill interest rate and three-month LIBOR.
TED is an acronym formed from T-Bill and ED, the ticker symbol for the Eurodollar futures contract. The size of the spread is usually denominated in basis points (bps). For example, if the T-bill rate is 5.10% and ED trades at 5.50%, the TED spread is 40 bps. The TED spread fluctuates over time, but historically has often remained within the range of 10 and 50 bps (0.1% and 0.5%), until 2007. A rising TED spread often presages a downturn in the U.S. stock market, as it indicates that liquidity is being withdrawn.
Indicator
The TED spread is an indicator of perceived credit risk in the general economy[1]. This is because T-bills are considered risk-free while LIBOR reflects the credit risk of lending to commercial banks. When the TED spread increases, that is a sign that lenders believe the risk of default on interbank loans (also known as counterparty risk) is increasing. Interbank lenders therefore demand a higher rate of interest, or accept lower returns on safe investments such as T-bills. When the risk of bank defaults is considered to be decreasing, the TED spread decreases[2].
Historical levels
During 2007, the subprime mortgage crisis ballooned the TED spread to a region of 150-200 bps. On September 17, 2008, the record set after the Black Monday crash of 1987 was broken as the TED spread exceeded 300 bps[3]. Some higher readings for the spread were due to inability to obtain accurate LIBOR rates in the absence of a liquid unsecured lending market[4]. On October 10, 2008, the TED spread reached another new high of 465 basis points. The longterm average of the TED has been 30 basis points.
See also
References
External links
- Current TED Spread Quote from Bloomberg
- Betting the Bank
- Understanding the TED spread from the Econbrowser blog