LIBOR defined, and why you care
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2008-10-11 — ml-implode.com
"Since this is a credit market problem, the stock market is not the indicator you should be watcing. Google “TED Spread Bloomberg” That will bring up a chart that shows the spread of LIBOR vs. Treasuries. It hasn’t been this high since 1973. If the worldwide financial system is suffering a terrible fever then that chart is the thermometer. "
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