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post #11 of 29 (permalink) Old 10-13-2008, 10:39 AM
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The interbank cost of borrowing in sterling, euros and dollars fell on Monday as confidence in money markets showed signs of returning as European governments took sweeping action to support the creaking banking system.

Three-month euro Libor posted its biggest decline this year and three-month dollar Libor had its steepest fall since March, the British Bankers Association's daily fixing of London interbank offered rates (Libor) on Monday showed.

Libor, the global benchmark for corporate, financial and household borrowing, showed declines across the currency spectrum and most time horizons.

Libor Falls as Rescue Plans Bolster Confidence - Credit Market * US * News * Story - CNBC.com
Bank in Singapore is offering me 4.5% for my USD and my bank here in Jakarta is offering me 14% for fresh funds in IDR........
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post #12 of 29 (permalink) Old 10-13-2008, 10:39 AM Thread Starter
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Morgan Stanley Gets $9 Billion Investment

Morgan Stanley completed a deal Monday to receive a $9 billion investment from Japanese bank Mitsubishi UFJ Financial Group, giving it a much-needed cash infusion.

Morgan Stanley Gets $9 Billion Investment - Financials * US * News * Story - CNBC.com

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post #13 of 29 (permalink) Old 10-13-2008, 10:41 AM Thread Starter
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Oil Can Fall to $50-$60

World oil prices are likely to fall further if the rush to cash across global financial markets continues but crude is unlikely to dip for long below the oil industry's $50-a-barrel average operating cost, analysts said.

Benchmark U.S. crude has fallen 45 percent from July's record $147.27 a barrel to trade at $81 a barrel Monday after settling at $77.70 on Friday, its lowest close in 13 months.

"We believe the deepening banking sector crisis and the significant slowdown in global growth that lies ahead will continue to put downward pressure on commodity prices," said Deutsche Bank in a report released on Friday.

Oil Can Fall to $50-$60 if Credit Stays Tight - Oil and Gas * Energy * News * Story - CNBC.com

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post #14 of 29 (permalink) Old 10-13-2008, 10:43 AM Thread Starter
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Money Markets Ease on Unlimited Dollars Pledge

Money market rates eased on Monday after Europe's central banks said they would lend commercial banks as much U.S. dollar funding as they need.

In the latest joint bid to thaw frozen money markets the U.S. Federal Reserve, the European Central Bank, the Bank of England and the Swiss National Bank also scrapped their existing dollar auction systems and replaced them with a new fixed rate system...

Money Markets Ease on Unlimited Dollars Pledge - Economy * Europe * News * Story - CNBC.com

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post #15 of 29 (permalink) Old 10-13-2008, 10:47 AM
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In other words, JayRINOHawk is happy with socialist solutions!

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #16 of 29 (permalink) Old 10-13-2008, 10:48 AM Thread Starter
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Biggest intra-day rally in history of the DOW, so far...

UP 595 right now!


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post #17 of 29 (permalink) Old 10-13-2008, 10:52 AM
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Your tax dollars at work.

It will be good when the media quits trying to micro analyze the economy based on any one day stock market run, up or down.

Our moving averages are still trending downward sharply.

So far we have had three hours of relatively good news in a four month slide, all bought by taxpayer bailout.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #18 of 29 (permalink) Old 10-13-2008, 10:53 AM Thread Starter
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Calm Returns as Dow Soars

Soothed by the latest global efforts to combat the credit crisis, the Dow surged more than 550 points to rebound from last week's catastrophic plunge...

Dow Soars 500 as Calm Returns - FOXBusiness.com

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post #19 of 29 (permalink) Old 10-13-2008, 10:55 AM Thread Starter
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Your tax dollars at work.

It will be good when the media quits trying to micro analyze the economy based on any one day stock market run, up or down.

Our moving averages are still trending downward sharply.

So far we have had three hours of relatively good news in a four month slide, all bought by taxpayer bailout.
Leave it to you, sunshine, to bring a ray of dispair...

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post #20 of 29 (permalink) Old 10-13-2008, 10:55 AM
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Your tax dollars at work.

It will be good when the media quits trying to micro analyze the economy based on any one day stock market run, up or down.

Our moving averages are still trending downward sharply.

So far we have had three hours of relatively good news in a four month slide, all bought by taxpayer bailout.


I thought that was Jay's job here...........
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