What has the credit markets locked up
is that libor was
2.14 on friday
3.10 on monday on leh failure.
Then doubled to 6.4% on AIG fear
then moderated back to 5% yesterday at noon.
somehow, it gets published earlier than I get it.
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
Wednesday, September 17, 2008
overnight libor
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