Ok this LIBOR situation is getting serious.
I rarely (if ever) post anything serious/market related here. (just ask around, it's a known fact)
So when it happens, means the situation is getting dire.
In a nutshell - LIBOR IS GOING PARABOLIC.
Today is the 37th CONSECUTIVE day of increase.
The last time that (consecutive rise) happened Facebook did not exist. (13 YEARS AGO, November '05 to be precise).
Yes, for you labouring folks who grind Excel spreadsheets and make pitchbooks, this doesn't really affect you.
BUT FOR THE GUYS HERE WHO ACTUALLY TRADE LARGE ACCOUNTS, this is a friendly warning.
Thank me in ~6 months :)
Hi MonacoMonkey, check out these threads:
No promises, but maybe one of our professional members will share their wisdom: TheCityMonkey HandsomeRob @Dennis-Fan"
I hope those threads give you a bit more insight.
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