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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (8210)9/5/2007 9:15:57 AM
From: Hawkmoon  Read Replies (1) of 33421
 
VERY INTERESTING!!!

Do you believe the Libor yield is rising to meet the current discount rate that the Fed just lowered to 5.75%

And could this mean that the discount rate is due for another drop?

Because if the commercials are that hesitant to loan to one another, then doesn't the Fed have to step in and pick up the slack?

Hawk
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