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Politics : View from the Center and Left

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From: JohnM	10/20/2008 12:09:41 PM
	of 541763

Krugman says the LIBOR rates are improving. But watch out for the economy itself. --------------------------- Better Many signs this morning that the money markets are unfreezing. John Jansen gives us this table for LIBOR: 10/20 10/17 Change OVERNIGHT 1.51250 1.66875 -.15625 1 WEEK 2.71875 3.15625 -.43750 2 WEEKS 3.08125 3.49375 -.41250 1 MONTH 3.75125 4.18125 -.43000 2 MONTH 3.93375 4.30625 -.37250 3 MONTH 4.05875 4.41875 -.36000 4 MONTH 3.99250 4.29500 -.30250 5 MONTH 3.90125 4.20375 -.30250 6 MONTH 3.82875 4.13000 -.30125 9 MONTH 3.76875 4.02250 -.25375 12 MONTH 3.71250 3.97250 -.26000 Thank you, Mr. Brown! But bear in mind that this just stops the credit markets from collapsing; the real economy is still rushing downhill. krugman.blogs.nytimes.com

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