It's just plain ignorance that the market doesn't realize that the possibility MBIA being downgraded isn't very significant. I can imagine Trading rooms around the world going...
What a minute, is this important? and meetings being scheduled, I remember a week ago, the idea of MBIA being downgraded was laughed off cnbc.... of course CNBC should be laughed off the air... But the dude who won an Emmy Faber, I'm always glad to listen to him.
Wow.... just talked about how important, the gap from Libor to fed funds rate is...
Besides Nuking Euro banks.... it's hard to change... and if only Americans saved instead of spent......
Hmmmm except that why save at 5%.... Which is set by Libor BTW. I love that the bank gives me 5% and bonds give less....
Shouldn't we get that employment whisper number soon.
Wednesday, December 5, 2007
Super fun
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