Following the Credit Crisis

The New York Times offers an on-going description of the credit crisis, beginning as far back as the lowering of interest rates following the bursting of the” bubble.”

Included is an interactive graphic so that we can see how on September 18 how various markets responded to the credit crisis, beginning with the spike of credit default swaps for Morgan Stanley and Goldman Sachs, the plummeting of 3-month Treasury notes, the week’s drop in the money market funds and commerical paper, the rise in bond rates and the Libor rate (the interest rate banks charge each other for interbank loands), the tightening loan standards, and the plummeting of the stock market.

Included are the stories surrounding the crisis, from the political to the economic, from the local to the international.