A couple of days ago CC put up this chart of the TED spread. Which looked bad.
Exhibit 1: Bad - TED spread at 16 September
But that now has the ring of the 'Good Old Days' about it.
Exhibit 2: Much worse - TED spread at 18 September, a record 3.04 points
And neither element of the TED offers comfort. An understandably frazzled looking John Authers covers yesterday's astounding panic below.