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LIBOR Rocketing up
Further bad news to borrowers. In spite of FED’s liquidity injections, LIBOR is shooting up. (Many loans use LIBOR as the index for adjusting)
http://online.wsj.com/article/SB118891774435316875.html
Sounds like the house of cards that easy money has built is crumbling.
“Buckle your seatbelt Dorothy, ’cause Kansas is going byebye”.
bsr- And yet another article.
Credit may have been too loose in the past, but it is far, far too tight in the present.
NO, it’s not too tight. It’s tightening up to squeeze out the excess which will take a few years.
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