The credit crisis in the U.S. has caused a global shortage of dollars in
credit markets. In a world economy that is largely based on the U.S. dollar,
the lack of dollars changing hands (liquidity) creates a huge problem, so
everyone is paying a huge premium to get the dollars that are changing
hand
That was for the overnight LIBOR.
Most ARMs are tied to the 1 year LIBOR. Had two years ago. In a fixed one
now. ;-)
-Original Message-
From: Gruss Gott [mailto:[EMAIL PROTECTED]
Sent: Tuesday, September 30, 2008 11:47 AM
To: cf-community
Subject: Wow - Total Anarchy!
Sept. 30
> Vivec wrote:
> What does all that mean in english.
>
Well ... if you consider all of the ...
AHHH!
`Demand for liquidity
trumps the fundamentals. Fundamentally, the U.S. is awful, and Europe
is awful. Fundamentals are irrelevant today.''
It means this is totally crazy. uncharted. there
glad i wasn't the only one.
On Tue, Sep 30, 2008 at 2:17 PM, Vivec <[EMAIL PROTECTED]> wrote:
> What does all that mean in english.
>
> 2008/9/30 Gruss Gott <[EMAIL PROTECTED]>
>
> > Sept. 30 (Bloomberg) -- The euro fell the most against the dollar
> > since the introduction of the shared cur
I didn't understand a single word of that
On Tue, Sep 30, 2008 at 1:46 PM, Gruss Gott <[EMAIL PROTECTED]> wrote:
> Sept. 30 (Bloomberg) -- The euro fell the most against the dollar
> since the introduction of the shared currency in 1999
>
> Banks are being squeezed amid a surge in borrowi
What does all that mean in english.
2008/9/30 Gruss Gott <[EMAIL PROTECTED]>
> Sept. 30 (Bloomberg) -- The euro fell the most against the dollar
> since the introduction of the shared currency in 1999
>
>
~|
Adobe® ColdFusion®
Sept. 30 (Bloomberg) -- The euro fell the most against the dollar
since the introduction of the shared currency in 1999
Banks are being squeezed amid a surge in borrowing costs as lenders
hoard cash on concern more financial institutions will fail.
The London interbank offered rate, or Libor, tha
