In London trading on Thursday, the interbank cost of borrowing dollars for three months was indicated in a huge range of between 3 and 4.8 percent
Overnight dollar rates
yesterdays numbers were
overnight 4.4
3 month 5.06
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, September 25, 2008
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