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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (78315)	4/24/2008 10:55:08 PM
From: mishedlo	Respond to of 116555

I think you are putting the horse in front of the cart. LIBOR typically moves in reaction to something. That something is usually expected changes in interest rates. In this case it has been moving opposite to expected changes in interest rates. That has not made the Fed very happy. At any rate, moves in LIBOR are not likely to affect the US$ but rather are signs of stress in the credit markets, at least right now. If LIBOR stabilizes, then it will go back to its role as indicative of future interest rate movements. Mish