All Posts Tagged With: "Libor"
How Will We Know the Credit Crisis and Banking Fiasco Are Truly Over?
How will we know the credit crisis and banking fiasco are truly over? We won’t.
Is Sub-Prime Finally Over? Yes and No
So far, the Fed’s magic is working: Sub-prime is leaving primetime.
Why There’s a 95% Chance of a Recession
Life’s about to get much tougher…for all of us…It’s that R-word again. Loose talk of a ‘recession’ has been bandied about for some time, particularly amongst those of us who keep a keen eye on what’s happening in both the money markets and the high street.
And Then There’s This…Wednesday, May 14th, 2008
Early Tuesday morning trading in the Far East looked virtually the same as it did on Monday for gold. But once the Comex opened (minutes before, actually) gold got absolutely hammered.
Beware of the U.S. Dollar’s ‘Head Fake’ Rally
Don’t mistake the U.S. dollar’s recent rally for strength. If anything, it’s a head fake of legendary proportions. In fact, the dollar’s recent run-up is actually a warning that risks are escalating.
Australia Tells China to Back Off
Is the U.S. Fed done cutting rates? The commodities market seems to think so. Gold, platinum, palladium and silver all fell by the end of New York trading. Even oil was off its all-time highs though still above US$115.
Why £50bn Isn’t Enough to Make Banks Cut Mortgage Rates
Well, as I suspected, it doesn’t look like the Bank of England’s £50bn injection is going to bring down mortgage rates any time soon.
The Boys Are Back in Town
They showed up in Comex trading shortly after London opened…about 4:00 a.m. New York time. At first it was only a persistent decline, but shortly before the New York traders showed up it intensified…with the boys in New York gleefully helping out once trading began there.
Gold, Silver Slammed Down, But Rebound Sharply from Their Intraday Lows
Gold held steady at around $945 in the far East, but started down once London opened, and continued to plummet through the first hour of the New York session on Friday, falling as low as $905 before turning north for the balance of the day and finishing at $916.20, down $18.10. For the week, gold lost 1.3%.
‘Libor’ Sends Another Shaky Signal to the Global Financial Markets
The news that the London Interbank Offer Rate (LIBOR) system of setting interest rates is running into trouble was surprising at first glance.
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