Tuesday, October 21, 2008

Good News !! Credit Markets are unfreezing.

October 20, 2008, 8:06 am
Better
Many signs this morning that the money markets are unfreezing. John Jansen gives us this table for LIBOR:
10/20 10/17 ChangeOVERNIGHT 1.51250 1.66875 -.156251 WEEK 2.71875 3.15625 -.437502 WEEKS 3.08125 3.49375 -.412501 MONTH 3.75125 4.18125 -.430002 MONTH 3.93375 4.30625 -.372503 MONTH 4.05875 4.41875 -.360004 MONTH 3.99250 4.29500 -.302505 MONTH 3.90125 4.20375 -.302506 MONTH 3.82875 4.13000 -.301259 MONTH 3.76875 4.02250 -.2537512 MONTH 3.71250 3.97250 -.26000
Thank you, Mr. Brown!
But bear in mind that this just stops the credit markets from


Credits for this information goes to http://krugman.blogs.nytimes.com/

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