Below we have some charts that depict in various ways how fraught the debt markets and sentiment are. Some indicate that conditions are worse than in August, others are less grim.
30-Day Asset-Backed Commercial Paper Versus Treasuries (Kudlow):
Libor Versus Treasuries (Kudlow):
Now consider this same Libor Versus Treasuries over a longer time horizon:
Both charts use Treasuries of the same maturity as the three-month Libor; the failure of the September to November dip to show on the second chart may be due to the compression.
Other fun charts:
Ratio of US Commercial Bank Loans and Leases to Deposits
Price History of US Recession 08 Contract at Intrade: