The market is melting up today, looks like a short squeeze. Gold is still over $715, oil is still pushing 80 and will probably go on a run, the dollar index broke 80 and hasn’t looked back, commercial paper is for the most part still locked up. Here is a good article from on the credit crisis and how it may deepen
Why the credit crunch may deepen
With the $2 trillion commercial paper market locked up, it’s harder for banks to lend money.
By Grace Wong, CNNMoney.com staff writer
September 13 2007: 10:19 AM EDT
LONDON (CNNMoney.com) — Stock markets have regained some of their poise on rising hopes that the Federal Reserve will cut interest rates on Tuesday. But investors appear to be looking past one key warning sign: The $2 trillion market for commercial paper remains locked up – suggesting there could be more pain ahead for borrowers around the world.
