The problem is that banks have no money. Majority is insolvent. Flight to safety helps the dollar up and this will turn. Libor is a consequence, indicator of trust among banks. We need to make banks trust each other again.
Exactly! and bank no longer trust each other. The LIBOR rate is skyrocketing!
This make me wonder when this brief dollar rally will come to an end….perhaps when the purchase of t-bills slows down? hmm we shall see
The problem is that banks have no money. Majority is insolvent. Flight to safety helps the dollar up and this will turn. Libor is a consequence, indicator of trust among banks. We need to make banks trust each other again.
Exactly! and bank no longer trust each other. The LIBOR rate is skyrocketing!
This make me wonder when this brief dollar rally will come to an end….perhaps when the purchase of t-bills slows down? hmm we shall see