Interest Rates: 3-month Libor fixings

Euro: 5.02% vs. prior 5.08%; Dollar: 4.42% vs. prior 4.50%; Sterling: 6.16% vs. prior 6.18%.

The good news is the move is in the right direction, the struggle is the process is painfully slow–KSH.

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Posted in * Economics, Politics, Credit Markets, Economy, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

3 comments on “Interest Rates: 3-month Libor fixings

  1. The_Archer_of_the_Forest says:

    What’s interesting about this economic downturn that no one seems to be talking about is that the dollar is as strong as its been in years. The last I checked, the British Pound (1.75:1 US) and Euro (1.30:1 US) are way down. I’m not sure what that means, but its an interesting trend.

  2. Byzantine says:

    #1 –

    Cash is a safe harbor in bear markets, and the fundamentals of the US dollar are stronger than Britain and Europe. JMHO. Of course, this is before a zillion newly digitized dollars start working their way thru the economy.

  3. sandiegoanglicans.com says:

    Like Byzantine, I too am waiting for those zillion newly digitized dollars to start raining down from the helicopters. People who know I harbor some affection (not an uncontrollable lust) for gold are asking why the metal is turning down during this meltdown. Gold is a nice alternative during inflation, not deflation. I’m buying…slowly.