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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: energyplay	10/30/2008 2:54:07 PM
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Interest rates dropping fast - Oct. 30 (Bloomberg) -- Money-market rates fell after the Federal Reserve lowered borrowing costs and agreed to pump $120 billion into Brazil, Mexico, South Korea and Singapore to help alleviate demand for dollar-based funding. The swap agreements with central banks, which also followed rate cuts from China to Norway, led to a drop in three-month rates in Asia. The London interbank offered rate, or Libor, for three-month loans in dollars slid 23 basis points to 3.19 percent today, its 14th consecutive drop, according to the British Bankers' Association. The overnight dollar rate tumbled 41 basis points to 0.73 percent, an all-time low, the BBA said. more info - bloomberg.com

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