Friday, June 25, 2010

WSJ: "U.S. Financial Index Starts Flashing Red."

p. C12.
"How bad is it out there. One index suggests spillover from Europe's sovereign crisis has pushed U.S. financial conditions to their worst since the Lehman Brothers aftermath. In the 2nd quarter, the U.S. Monetary Policy Forum's Financial Conditions Index fell to minus1.82, its lowest since the 4th quarter of 2008, says Deutsche Bank. The index tracks 45 variables, including credit and yield spreads, stock-market data, banks' desire to lend and consumer perceptions."

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