Safe to go outside?


Many friends have given me grief for my sporadic blogging. For the past nine months, nothing in the world has been normal. A horrible economy, friends suffering and lack of normalcy are especially tough for me. I’m an optimist, and and analytical one.

So, why poke my head out now. Well there’s plenty of data which suggest that the economy, and hopefully society, are stabilizing. I studied economics and traded bonds out of school, so I watch interest rates (not normal either). In May, the TED spread moved back to the high-end of its normal range of 30 to 50 basis points. The TED spread acts as an analog for credit risk in the economy. Since the middle of 2007 it has behaved more like the Richter Scale for the economy, at 100 basis points we all feel the world shaking and 500 basis points is the equivalent of a 10 on the Richter – never seen before.

Credit failures created this horrible recession, and the economy will not return normalcy until the credit markets are repaired. I see the good signs that repair is occurring.TED Spread from Bloomberg

About Fred Gallagher

Fred Gallagher is responsible for managing the business activities related to strategic accounts and partners for the Actian Analytics Platform and for Actian Corporate Development. He previously served as General Manager of Actian Vector. Prior to joining Actian, Fred worked for Qlusters, where he was responsible for worldwide sales, marketing, and business development. At Qlusters, he successfully launched the industry's first open source systems management project. Prior to that, he worked at VMWare, where he was responsible for worldwide software alliances, and where he established 15 successful strategic alliances during a high-growth period. Previously, he was at Seagate Technology, where he was Vice President of Worldwide Channels and Business Development for Seagate's XIOtech subsidiary. Fred holds a B.A. and an M.B.A. from Stanford University.

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