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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (8555)12/12/2007 9:24:49 AM
From: Hawkmoon  Respond to of 33421
 
Well.. apparently the market really likes it, if the futures are any indication... lol

The question is.. what are the repercussions of this action by the Fed in changing its mission statement?

Is there a slippery slope involved here?

Hawk



To: John Pitera who wrote (8555)12/12/2007 9:41:14 AM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Hi John,

At my dealership we pay an interest rate based on Libor.

This month it dropped .24 basis points.

Must be the they are talking about a spread and the US side is going up - our Libor dropped for November?

Bob


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