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IDS World Markets Wed 28th November 07


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What I find amazing is how the 3-month dollar LIBOR rate continued higher even today, which is now at its highest spread vs. Fed Funds since they first cut rates back in Sep.

 

What that means is that all the Fed "injections", "rate cuts" and "jawboning" are simply not working.

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Which is what you and Doc have been saying all along. B)

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