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#1
09-30-2008, 06:12 AM
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__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln 
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#2
09-30-2008, 07:06 AM
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__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#3
09-30-2008, 08:06 AM
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Libor up 431 bps
At an all time high of 6.88. This is really bad...
This is not about liquidity anymore...its about solvency. Banks will not lend to each other except at ridiculous rates. Why? Because banks don't trust the other banks not to default and because everyone is hording cash. Vicious cycle. Remind anyone of something?
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#4
09-30-2008, 08:18 AM
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i saw earlier that the russian market suspended trading.
this isn't just about the u.s. economy, this whole mess is far-reaching in its implications. i don't think a lot of people realize just what kind of effect our economy has on the global economy.
__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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