Thursday, October 23, 2008

Libor and other problems

http://www.moneymorning.com/2008/10/23/mortgage-re-sets/
So if the LIBOR is being fix, is this just a sign that other problems are being masked to hide the extent of the problems? If so this indicates a greater chance of dramatic fall. Cause the market can not process the information correctly you may get a case where multiple pieces of bad news hit at the same and each is worse then expected and Markets hate downside surprises.

No comments: