Both worth a look for mine -LIBOR OIS Spread Signals Credit Crisis Earthquake
at http://www.marketoracle.co.uk/Article6666.html
and
Tune Out the Noise and Get Safe
at http://www.financialsense.com/fsu/editorials/tanashian/2008/1007.html
Extracted from the latter one -
...................................
"..... The next macro chart is of real concern.
Above we see the 1 month Libor chart as it correlates to the 3 month T-bill rate (IRX) since the 2001 recession. What is wrong with this picture? I will tell you what is wrong with it; in previous cycles such as the 2001 recession, as the IRX has dropped to re-liquefy the system, the LIBOR or London Interbank Offered Rate has dutifully risen, which meant rates got more accommodative. Likewise, as the Fed underwent its most recent pretense toward tightening, the LIBOR declined as it was ‘supposed’ to. Even in the latest cycle LIBOR was in alignment as liquidity was needed – until the chop and hard down of 2008 when it did not respond favorably to the mechanics that would normally increase liquidity. LIBOR went the other way. The Dollar and gold spend some time in alignment. This is panic in a broken system. ..... "
jfi
dub
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- libor is important .. 2 good articles on it
libor is important .. 2 good articles on it
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