Tuesday, October 14, 2008
Fantastic news – Libor down another 0.02%
More evidence, if any was needed that everything is now fine, house prices are going to rocket skywards again and so on. Or at least, that's what the VIs are saying. Libor is still 1.75% above base and it is going to take a lot of these 0.016% and 0.02% drops to get back there.