Another sign that things may be returning to normal
The London Interbank Offered Rate is down. The Treasury Eurodollar spread is down, and so are other credit-market indicators that were red-zoning last week.
Here's another indicator that stress is fading: Gold, the investment of last resort when everything else is going to heck, is down $27 this morning to $773 per ounce, its lowest point (except for a brief plunge in September) in more than a year.
